FTSE recovers but remains in the red

clock

The FTSE recovered slightly after a miserable start, closing down 60.2 points, or 1.07%, to 5,545.6.

Experian headed the list of winners, having gained 21.5p to 381.75p, followed by Carnival, up 69p, or 3.71%, to £19.29. Standard Chartered, AstraZeneca and Imperial Tobacco Group also all finished the day in the black. A miserable day for Halifax Bank of Scotland (HBOS), which saw it start and finish the day heading the loser’s list, closed down 34p, or 7.08%, on 446.25p. Lonmin, down 223p to £30.14, and Vedanta Resources, down 129p, or 6.03%, to £20.10, also finished the day in the red. In the US, the Dow Jones is suffering a mini-hangover after a terrific Tuesday sparked by a 0.75% ra...

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

Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read
Spring Budget 24: Chancellor unveils long-term UK growth plan

Spring Budget 24: Chancellor unveils long-term UK growth plan

Includes British ISA launch and further NI cut

clock 06 March 2024 • 1 min read