FTSE falls as Middle East dominates trading

clock

The FTSE 100 index fell 83.90 points to 4,333.80 today after all but four stocks made losses in the wake of volatile oil prices and heightened terrorism fears sparked by events in Israel and Palestine.

British Airways dropped 14.5p to 259.75p even as new industry figures suggested continued recovery on the key North Atlantic routes between the US and Europe. Reuters, one of the best performing stocks of the last year, dropped 15.75p to 363.25p. Aviva reported it increased provisions for endowment complaints last year, helping send its shares down 16.5p to 520p. BP dropped 12.5p to 440p as crude oil prices dropped following comments from OPEC it may not impose output limits in light of fast rising oil prices. Bunzl led the gainers, adding 3.25p to 476.5p. Scottish Power adde...

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

Targeted at sustainable, forward-thinking finance professionals

Professional Adviser
clock 10 May 2024 • 1 min read
Defaqto: 'No appropriate and compliant way to compare MPS portfolios'

Defaqto: 'No appropriate and compliant way to compare MPS portfolios'

Tech firm to debut a performance comparator tracking solutions’ data

Hope Coumbe
clock 09 May 2024 • 1 min read
Assessing investment decisions made in the heat of the moment

Assessing investment decisions made in the heat of the moment

'Investors were panicking, thinking no one would ever go outside again'

Chris Justham
clock 08 May 2024 • 2 min read