FTSE sheds but lingers over 4,000

Professional Adviser
clock

The benchmark FTSE 100 index is currently down 17.30 points to 4,059.80 after UK stocks fell this mo...

The benchmark FTSE 100 index is currently down 17.30 points to 4,059.80 after UK stocks fell this morning paced by software publishing company Sage, which shed 7p to 180p. British American Tobacco declined 12.5p to 629p after announcing that it is to buy Italy's Ente Tabacchi Italiani SpA for 2.32bn euros. Galen Holdings climbed 91.5p to 725p after announcing that it is in talks with an unidentified party about a potential offer for the business. Marconi Corporation shed 0.75p to 67p. The maker of telecommunications equipment says fiscal first-quarter sales dropped 38%...

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 •