FTSE flat as Schroders slumps

clock

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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 25 March 2024 • 5 min read
'Fundamental shift': Why transparent investing really matters

'Fundamental shift': Why transparent investing really matters

‘There needs to be a concerted shift towards greater openness’

Simon Camilleri
clock 18 March 2024 • 4 min read
Partner Insight: Passive and active — the case for both

Partner Insight: Passive and active — the case for both

Invesco
clock 18 March 2024 • 4 min read