Financials send FTSE 100 higher

clock

The FTSE 100 once again headed higher this morning after closing ahead on Monday for the 11th consecutive session.

Led by Lloyds Banking Group, the index added 13.7 points, or 0.3%, to trade at 4,599.8 in opening exchanges. Shares in Lloyds, which was formed from the Government-backed merger of Lloyds TSB and Halifax Bank of Scotland, gained 3% to 86p on hopes for an upbeat half-year earnings report due later this week. Business software firm Sage Group advanced 3.6% after reporting that trading was in line with expectations for the nine months to the end of June, while publishing group Pearson added 2.4%, extending its Monday rally. On the downside, gold mining group Randgold Resources lost al...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Gilt yields fall after Donald Trump backs down in 'tariff war'

Gilt yields fall after Donald Trump backs down in 'tariff war'

US president pauses most additional tariffs

Jonathan Stapleton
clock 10 April 2025 • 2 min read
Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read
Five key takeaways from the Spring Statement 2025

Five key takeaways from the Spring Statement 2025

OBR growth, ISA reforms and defence

Sorin Dojan
clock 27 March 2025 • 4 min read