Persimmon woes drag FTSE into red

clock

Shares in homebuilder Persimmon plunged 26p to 487.5p by the close of play on Thursday, helping take the FTSE into the red.

The index dropped 1.5 points, or 0.02%, to 6,068.1, while HBOS, down 16.75p to 414.25p and Wolseley also fell. Man Group, up 30.5p to 619p, Eurasian, up 71p to £14.81 and Vedanta Resources, were among the day’s top winners. In the US, traders enjoyed a successful morning after helping the Dow Jones climb 73.68 points, or 0.59%, to 12,667.71. JPMorgan Chase, up 1.12 points, or 2.61%, to 43.98, currently leads the day’s winners, followed by Citigroup, up 0.52 points, or 2.41%, to 22.12 and Johnson and Johnson. At the moment, Alcoa, down 0.8 points, or 1.92%, to 40.77, Intel Corporation an...

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

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
Spring Budget 24: Chancellor unveils long-term UK growth plan

Spring Budget 24: Chancellor unveils long-term UK growth plan

Includes British ISA launch and further NI cut

clock 06 March 2024 • 1 min read