Shares recovered early losses to help the FTSE 100 index to limit its slide to 2.1 points and close the week at 4,484.
Man Group shed 51p to 1,592p as investors shied away from the hedge fund provider. Comments from US central bankers this afternoon implied rates could start rising there by the end of this month, sending investors out of the bond market. Antofagasta, the Chilean copper miner, gained 18p to 904p, reversing some of this week's losses. There are fears over the sustainability of current high commodities prices, while the Chilean government is giving mixed signals about royalty deals for mining in that country. Royal & Sun Alliance led the insurers with a 1.25p rise to 80.25p. In the US...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
