Morning Markets - FTSE down ahead of US GDP data

clock

The FTSE was down in early trading at 5311.91, representing a drop of 2.04 points (0.04%), ahead of US GDP data.

British Airways topped the leaders' board at 219p, up 3 points (1.39%) after the beleaguered airline revealed better-than-expected results for the first quarter, which was hit by disruption to European airspace from the volcanic ash cloud in April and cabin crew strikes in May and June. Severn Trent was also up, trading at £12.96, up 16 points (1.25%) on the back of its announcement this week that trading for the quarter ended 19 July was in line with expectations throughout the period. Miners did poorly, with both BHP Billiton and Rio Tinto falling, down 21.50 points (1.09%) to £19.5...

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

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
Bank of England halts interest rate cuts amid ongoing inflation

Bank of England halts interest rate cuts amid ongoing inflation

As priced in by markets

Sorin Dojan
clock 20 March 2025 • 2 min read