FTSE rebounds on Friday lows

Professional Adviser
clock

Following Friday's near 300 points drop, the omens were not good, but the FTSE 100 index has regaine...

Following Friday's near 300 points drop, the omens were not good, but the FTSE 100 index has regained some 34 points to 4,664 so far today after the successful float of bookie William Hill and rising oil stocks on the back of rising crude oil prices. Banks and pharmaceuticals are also making gains. BP is up 6.5p at 530p, while Shell is up 5p at 476p on the oil price news, plus news that an oil workers strike has been averted in Norway after a wage accord was reached. Vodafone is up 1.25p to 92.25p, reversing last week's share price drop to a new near 5-year low below 90p, ...

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 •