FTSE holds firm

clock

In the UK the FTSE 100 Index has advanced 4.50 points to 5051.30 points, led by British American Tobacco.

The tobacco firm has picked up 20.50p to 1112.50p, after analysts raised its share price target by 19% to 1,300p. Mining firms, BHP Billiton and Rio Tinto also advanced 12.50p to 691p and 27p to 1684p respectively, after the Chinese government reported the country's industrial production increased faster than it expected, increasing the favourable outlook for raw-material demand. Severn Trent meanwhile leads the fallers, losing 17p to 1041p, along with Scottish & Southern Energy, down 10p to 991p. In Tokyo, the Nikkei 225 Stock Average climbed to its highest level in two months, addin...

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

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 28 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read