Strong US figures boost UK and global stocks

Professional Adviser
clock

UK stocks are climbing again this morning after US shares closed at their highest level for two week...

UK stocks are climbing again this morning after US shares closed at their highest level for two weeks, on the back of revised growth figures. Vodafone Group, GlaxoSmithKline and BP are all performing well again after it was revealed in a US government report their economy expanded faster than previously estimated for the first quarter. The benchmark FT-SE 100 Index climbed 2.5% already to 4652.7, as Vodafone, BP and Glaxo account for more than a quarter of the advance. Vodafone added 3.25p, or 3.7%, to 91.75p while BP gained advanced 6p, or 1.1% to 541p and Glaxo climbed 29p,...

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 •