FTSE lingers above 4,000 points

Professional Adviser
clock

The benchmark FTSE 100 is currently down 6.20 points to 4,067.40 after UK stocks opened Wednesday mo...

The benchmark FTSE 100 is currently down 6.20 points to 4,067.40 after UK stocks opened Wednesday morning on a mixed note. 3i Group dropped 16.5p to 579.5p after the company announced it would sell up to 550m euros in bonds convertible into share to finance existing debt. Bradford & Bingley climbed 16p to 326.25p. British American Tobacco advanced 12p to 673p after speculation that the company was in talks with R.J Reynolds Tobacco Holdings Inc. about merging their U.S. cigarette businesses. Meanwhile, Imperial Tobacco fell 18p to 1,025p. EasyJet shed 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 uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •