Morning Markets: FTSE higher despite supermarket declines

clock

The FTSE 100 opened positively, up 0.45% or 25.88 points to 5,753, despite food retailers dragging on the index.

Tesco was one of the morning's biggest fallers, despite posting a 10% growth in annual profits to £3.2bn. Its shares fell 0.78% to 434.05p. Fellow retailers also suffered losses as the volcanic ash disrupts supply chains. Sainsbury was down 0.41% to 343.4p. However, Primark owner Associated British Foods jumped 2.92%% to 986.5p, as group pre-tax profit came in at £330m in the 24 weeks ended 27 February, exceeding expectations. Banks were also among early risers. RBS advanced 1.49% to 51.15p and Barclays increased 1.15% to 374.7p. On Wall Street, the Dow Jones closed up 0.67% or 73...

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

Chancellor Khalaf has a plan to make our economy boom

Chancellor Khalaf has a plan to make our economy boom

'So, Sir Keir, if you're reading, I do genuinely hope Rachel is doing okay. And my number's still the same. So, you know, call me'

Laith Khalaf
clock 25 July 2025 • 5 min read
UK capital markets need to close gap between 'perception and reality' - Poppy Gustafsson

UK capital markets need to close gap between 'perception and reality' - Poppy Gustafsson

Speaking at IA annual conference

Sorin Dojan
clock 26 June 2025 • 2 min read
Trust in ONS data 'very low' as financial services shifts to alternative sources

Trust in ONS data 'very low' as financial services shifts to alternative sources

Follows latest inflation blunder

Sorin Dojan
clock 24 June 2025 • 4 min read