FTSE up on British Energy bid rumours

clock

The FTSE100 is up 26.80 and edging closer to 6000 at 5918.10 this morning, aided by a 31.00 increase for British Energy .

The nuclear operator was the top performing stock following rumours French supplier EDF was considering making an offer. Other leading stocks included London Stock Exchange up 49.00, while AstraZeneca rose on news Morgan Stanley raised its price target and BT was another winner up 6.25. However, financials including HBOS and Lloyds TSB had a rocky start to the day down 14.00 and 9.00 respectively. In the US, the Dow Jones closed up slightly by 17 at 12,626 following slightly more positive comments on the financial situation by Ben Bernake. Winners included Alcoa (up 2.11) and Genera...

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