FTSE starts week down as beer consumption falls

Professional Adviser
clock

UK stocks fell this morning, paced by brewers Scottish & Newcastle and SABMiller. The benchm...

UK stocks fell this morning, paced by brewers Scottish & Newcastle and SABMiller. The benchmark FTSE 100 is currently down with 32.80 points to 4,127.30. Scottish & Newcastle shed 6p to 393p. Britain's largest brewer fell after Heineken said that different factors were having a negative effect on beer consumption. SABMiller also dropped 13.5p to 415p. Chelsfield advanced 5p to 311p after it was indicated that the real estate company may get a £1bn bid from its chairman and his management team. UBC Media Group, a supplier of radio programs to commercial s...

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 •