Afternoon markets: FTSE claws back lost ground

clock

The FTSE 100 regained some of the ground it lost today in late trading, but still closed down 0.8% lower at 5,211 points.

European markets were also lower, with France's Cac 40 off 1.4% at 3,582, while the Dax in Frankfurt was 0.97% down at 6,149. The Dow Jones followed Europe in early trading, 1% lower at 10,261.75 points. In London, mid-cap Gartmore was down 5.7% at 103.8p. It fell 8% to 101p in early trading on news former star manager Guillaume Rambourg had resigned. Elsewhere among financial stocks, Fidelity China Special Situations is up 1% to 100.2p after manager Anthony Bolton spoke to journalists this morning. Miners failed to recover much ground after their outlook was clouded overnight b...

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 Investment

Advisers have opportunity to deepen private market engagement

Advisers have opportunity to deepen private market engagement

Most client allocations to private markets are either 5%-10% or 1%-5%

Isabel Baxter
clock 18 November 2024 • 2 min read
Royal London cuts number of governed range portfolios

Royal London cuts number of governed range portfolios

Renaming remaining portfolios to reflect level of investment risk

Jenna Brown
clock 18 November 2024 • 1 min read
AJ Bell cuts fees across multi-asset income range

AJ Bell cuts fees across multi-asset income range

£1.5bn of inflows this year

Beth Brearley
clock 14 November 2024 • 1 min read