FTSE falls as Q2 results below expectations

clock

In London, shares fell after several poor trading reports came to light and the FTSE 100 fell by 125.7 points, or 1.9%, to 6,498.7.

Reckitt Benckiser shares saw the biggest gains, up 31 points, or 1.14%, to £27.48. Imperial Tobacco gained 18 points, or 0.78%, to £23.13, followed by Yell Group, up 3.25 points, or 0.69%, to 472.5p. Man Group shares added 4 points, or 0.66%, to 613.5p and Barclays shares climbed 3.5 points, or 0.48%, to 738.5p. British Energy Group made major losses by the end of trading, down 24 points, or 4.5%, to 509p. Old Mutual shares fell 6.9 points, or 3.93%, to 168.7p, and Lonmin shares lost 145 points, or 3.88%, to £35.90. On Wall Street, markets fell in early trading after further reports re...

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

'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read
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