Oil prices bring FTSE lower

clock

The FTSE 100 is down 18 points, or 0.29%, to 6,269 in early trading, as energy stocks lead the decline following a 5% drop in crude oil prices.

International Power is currently the biggest drag on the index with a fall of 3.54% to 361.5p, closely followed by Scottish & Southern Energy which is down 3.24% to £14.95, while Cairn Energy has slipped 2.68% to £16.69. BG Group is down 2.15% to 659.5p, closely followed by Tate & Lyle which has fallen 1.56% to 759.5p, although losses are being limited by Reckitt Benckiser which has climbed 0.99% to £24.38. However ICI is posting the biggest gains so far with a rise of 2.39% to 472p, closely followed by BT Group which is up 1.57% to 324.25p, while Vodafone has added 1.18% to 150p, and N...

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

Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 19 April 2024 • 2 min read
Why non-transparent managers are behind most failed acquisitions

Why non-transparent managers are behind most failed acquisitions

‘They don’t understand the importance of culture and cohesion’

Rami Cassis
clock 12 April 2024 • 3 min read
Partner Insight: Understanding the investment universe

Partner Insight: Understanding the investment universe

Invesco
clock 12 April 2024 • 6 min read