Economics / Markets

PHILIP Saunders, co-manager on the Investec Managed Growth fund, believes the recent interest rate rise has not benefited the UK equity market.

The FTSE 100 fell 1 point to 6202 today as stocks slipped into the red in afternoon trades as ITV and Icap topped the fallers on bid uncertainties.

The FTSE 100 is up 5.40 points, or 0.1%, to 6209.9 with Aviva and British Land leading the advance, while Rio Tinto Group is pacing falling shares.

The FTSE 100 has ended the day up 12.5 points, or 0.2%, to 6,204.5, as the mining and property sectors performed well.

In early trading the FTSE 100 has slipped 29.5 points, or 0.48%, to 6,162.5, with broadcaster ITV one of the biggest losers so far.

The FTSE 100 has ended the day down 62.9 points, or 1.01%, to 6,192, as the mining sector extended its losses on the back of weaker metal prices.

The FTSE 100 is slightly down in early trading with a drop of 14 points, or 0.22%, to 6,240.9, with mining and energy stocks leading the decline.

The FTSE 100 has ended the day up 25.1 points, or 0.4%, to 6,254.9, as energy stocks gave the index a boost.

The FTSE 100 Index has dropped 13.1 points, or 0.2%, to 6216.7 paced by Reed Elsevier and Vedanta Resource.

The FTSE 100 Index rose 43.20 points, or 0.7%, to 6,230 points today, led by British Airways and a strong start on Wall Street.