The FTSE 100 Index ended flat today, down just 3.30 points at 5,820 points, with Schroders leading declines.
Schroders slumped 9.45% to 872p after revealing assets under management slipped slightly to £122.3bn at the end of June compared with £122.5bn as of 31 December last year. Vodafone fell 1.79% to 110p after JP Morgan chopped its stance on the mobile giant to “underweight” from “neutral” in the wake of the profit warning from Deutsche Telekom yesterday. Tesco leapt 2.26% to 373.25p after reports suggested it was poised to launch a homewares catalogue in four weeks. Xstrata advanced 0.49% to 2,253p and Antofagasta added 0.18% to 424.75p as commodity prices improved. Corus climbed 1.64%...
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