FTSE gains as A&L stays strong on takeover reports

clock

The FTSE rose 105.1 points, or 1.78%, to 5993.6p this afternoon as Alliance & Leicester maintained its leading position this afternoon following news Lloyds TSB has its takeover eye on the banker. Alliance & Leicester rose 42.5 points, or 8.33%, to 552.5p.

Persimmon rose 53 points, or 7.4%, to 769p as the housing market continues to drop. Lonmin fell 11 points, or 3.21%, to 3352p while Associated British Foods fell 25.5 points, or 2.91%, to 851p. The Dow Jones rose 80.27 points, or 0.65%, to 12461.29c as Alcoa rose 1.32 points, or 3.61%, to 37.87c. Home Depot rose 0.82 points, or 2.95%, to 28.59c despite reports it may publish a drop in sales tomorrow. American Express fell 0.51 points, or 1.13%, to 44.55c while General Motors fell 0.25 points, or 1.04%, to 23.83c after Deutsche Bank downgraded the car manufacturer. To comment on this st...

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 Economics / Markets

More than half of IFAs feel negative about a potential Labour govt

More than half of IFAs feel negative about a potential Labour govt

Advisers favour Conservatives when it comes to their clients and business

Isabel Baxter
clock 09 May 2024 • 2 min read
Elections and advice: Planning in political and legislative uncertainty

Elections and advice: Planning in political and legislative uncertainty

‘It should not be based on speculation, always plan on current legislation’

Isabel Baxter
clock 08 May 2024 • 3 min read
'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read