FTSE edges higher after LinkedIn boost to US

clock

London shares moved higher in early trading, reacting to overnight gains in the US after the successful IPO of social networking powerhouse LinkedIn.

The FTSE 100 climbed 0.18% at opening to 5,967 points, with BP the main winner - up 2.4% to 458.65p. The UK's gains follow rises in the US where the S&P 500 gained 0.22% to close at 1,344, while the Nasdaq rose 3%. US markets were enthralled by the listing of technology group LinkedIn, with investors snapping up shares in their droves. From an initial price of $45 per share, the stock closed the day up 109% at $93. Elsewhere the news was less favourable, with Asian markets lower and acting as a drag on the UK in early trading.  

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

Why the bull market in precious metals may be starting again

Why the bull market in precious metals may be starting again

Silver and gold again – who would have thought it?

Paul Wood
clock 20 May 2026 • 2 min read
Omnis Investments launches passive range for Openwork and 2plan advisers

Omnis Investments launches passive range for Openwork and 2plan advisers

L&G to run day-to-day investment management

Patrick Brusnahan
clock 19 May 2026 • 2 min read
Digital bank Zopa gains targeted support authorisation

Digital bank Zopa gains targeted support authorisation

Receives regulatory approval for investment products

Sophia Panayi
clock 19 May 2026 • 1 min read