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

Fifty years after 'Bogle's Folly', what comes next for financial advice?

Fifty years after 'Bogle's Folly', what comes next for financial advice?

'Indexing will continue to grow, but the wrapper through which investors access it will change'

Gillian Hepburn
clock 12 October 2026 • 4 min read
Chris Justham: Why the industry must 'entertain and engage' investors

Chris Justham: Why the industry must 'entertain and engage' investors

‘We can’t just offer them a dry cracker and ask them to chew it down’

Chris Justham
clock 07 October 2026 • 3 min read
Jupiter Merlin makes 'keystone' changes and cuts charges on Select range to attract advisers

Jupiter Merlin makes 'keystone' changes and cuts charges on Select range to attract advisers

Two new funds launched

Michael Nelson
clock 06 October 2026 • 6 min read