Morning Markets: FTSE draws breath after record quarter

clock

The FTSE 100 kicked off the fourth quarter on a positive note in early trading, though shares dipped slightly towards mid-morning.

London's main index moved forward this morning, having registered the strongest quarter in its history over the last three months and was down 7.24 points (0.14%) at 5,126.66 points just after 10:00am. Legal & General continues to benefit from speculation Clive Cowdry's Resolution is circling the insurer and received a boost from a Deutsche Bank upgrade. Shares in the insurer were up 5.64% to 92.75p. A company upgrade from Morgan Stanley has pushed shares in Vedanta Resources higher this morning. Shares in the miner were up 5.31% to £20.03. Meanwhile, Deutsche Bank has also helped ...

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

Why the lead-up to the Budget may have been worse than the Budget itself

Why the lead-up to the Budget may have been worse than the Budget itself

What Rachel Reeves and Dr Evil have in common

Laith Khalaf
clock 13 November 2024 • 4 min read
Bank of England meets expectations with 25 basis point rate cut to 4.75%

Bank of England meets expectations with 25 basis point rate cut to 4.75%

'Continued progress' on disinflation

Valeria Martinez
clock 07 November 2024 • 2 min read
'Budget will be a reset for our economy' Reeves tells IMF colleagues

'Budget will be a reset for our economy' Reeves tells IMF colleagues

Autumn Budget on 30 October

Linus Uhlig
clock 24 October 2024 • 2 min read