Mixed stocks bring FTSE to a standstill

clock

The FTSE 100 index is currently down about 1 point to 4,428 after the UK stockmarket commenced trading on a mixed note.

Reuters rose 8p to 367p after it bought the remaining 50% of Icor Brokerage Ltd. to boost its electronic-broking services for treasury markets. Kingfisher, the world's third-largest home-improvement retailer, fell 11.25p to 288.5p despite reporting fiscal full-year net income increased 35% from the year-earlier period to £229.6m. Lloyds TSB, the UK's fifth-largest bank by assets, lost 18.25p to 414.75p. Abbey National shed 15p to 439p after Goldman Sachs cut its forecast of the company's 2004 earnings by 19% to 23.8 pence a share. In Asia, Tokyo's Nikkei 225 index gained 194.57...

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 Investment

Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 19 April 2024 • 2 min read
Why non-transparent managers are behind most failed acquisitions

Why non-transparent managers are behind most failed acquisitions

‘They don’t understand the importance of culture and cohesion’

Rami Cassis
clock 12 April 2024 • 3 min read
Partner Insight: Understanding the investment universe

Partner Insight: Understanding the investment universe

Invesco
clock 12 April 2024 • 6 min read