The flurry of buying expected on Wall Street didb not materialise as it began trading, which knoc...
The flurry of buying expected on Wall Street didb not materialise as it began trading, which knocked the wind out of the FTSE 100.
Even so, London's leading index ambled to the finish line today with modest gains.
The FTSE 100 finished the day with a rise of 16.2 points to 5820.2.
Hays finally clawed back some value on news that managing director John Cole has resigned. The business support group headed the FTSE 100 gainers with a rise of 14.25p to 182.25p.
It was also another good day for BT after the group tackled its worrying debts by announcing plans to sell its UK property portfolio for £2.3bn to a joint venture between Land Securities and William Pears Group. The stock gained 16.5p to 450p.
AB Foods stayed among the top gainers for a second day. Its presence among the leaders reveals the city's underlying nerves about trading at present with investors choosing the stock for its staunchly defensive quality. AB gained 11.5p to 440p.
Railtrack couldn't shake off its army critics and the bruised stock fell a further 17p to 340p, which topped the FTSE 100's losers board. Today's attack came form regulator Tom Windsor who ordered the group to "put away the begging bowl" and focus on better services.
Down to the tiddlers and precision tool importer and distributor Holders Technology slumped 42p to 89p after it warned poor market conditions will result in first-half profits less than last year's and substantially below current market expectations.
Over in the US at midday, the Dow Jones was up 51 to 10999, the Nasdaq added 13 to 2183 and the Standard & Poor's 500 lifted 3 to 1259.
The forces at play in investment - most obviously, regulatory change, uncertain markets and shifting demographics - are as strong today as they were when Professional Adviser launched its sister magazine Multi-Asset Review in 2017.
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