British Airways fails to bring FTSE down

clock

In the UK FTSE 100 Index rose 11.5 points, or 0.2%, to close at 5286.5 although airlines including British Airways limited the advance as higher oil prices threatened to erode earnings

British Airways, Europe's third-biggest carrier, fell 0.91 % to 299.75p, while EasyJet, the region's second-biggest low-cost carrier, dropped 1.58% to 281p. BP, Europe's largest oil company, added 2.61% to 629.50p. Shell, the region's No.2 oil company, gained 1.3% to 1,747p and BG Group, the UK's third-biggest oil company, added 1.65% to 492p. BHP Billiton, the world's biggest mining company, added 1.49% to 817.50p, while Rio Tinto, the No.2 mining company, climbed 1.39% to 2,194p. Oil rose the most in four days, moving $1.65 to $64.28 a barrel after concerns a hurricane may form in the...

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

PA360: Framing of information to investors 'extremely pervasive'

PA360: Framing of information to investors 'extremely pervasive'

Consumer Duty states consumer biases must not be exploited

Jenna Brown
clock 25 April 2024 • 1 min read
Schroders chief executive Peter Harrison to retire in 2025

Schroders chief executive Peter Harrison to retire in 2025

Harrison began his career at Schroders as a graduate in 1988

Cristian Angeloni
clock 24 April 2024 • 2 min read
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