FTSE sees modest rise despite downbeat news

clock

The FTSE 100 rose 0.5% to 5,757.22 in early trading, despite negative company announcements across various sectors.

News BA has made a new proposal to cabin crew in a bid to resolve a year-long dispute involving extended strikes, sending its shares up 3.4% to 287.5p. InterContinental Hotels Group also rose, by 2.7% to £12.03. Among the losers, Tullow Oil declined 3.5% to £12.09 on news its well on Ghana's coastline had hit problems. BAE Systems fell 0.5% to 348p after forecasting reduced growth this year as the government is expected to cut defence spending. TUI Travel's share price fell dramatically, dropping 6.6% to 215.3p after it said it had to restate its results for 2008/2009. In the...

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 reveal stagnation in private market allocation

Advisers reveal stagnation in private market allocation

Majority say that it has not changed in the past 12 months

Isabel Baxter
clock 07 November 2024 • 2 min read
Schroders Personal Wealth ditches multi-manager structure

Schroders Personal Wealth ditches multi-manager structure

All funds to be managed by Schroders

Valeria Martinez
clock 06 November 2024 • 1 min read
Partner Insight: Navigating the great wealth transfer

Partner Insight: Navigating the great wealth transfer

The great wealth transfer represents opportunity and risk in equal measure for financial advisers.

Warwick Bloore Senior Specialist, Adviser Research Centre, Vanguard, Europe
clock 06 November 2024 • 6 min read