FTSE down for a second day

clock

The FTSE 100 Index has again declined at its close today, losing a further 27.30 points to 5019.50 points, led by energy and water firms.

Utilities firm, Scottish and Southern Energy declined 30p or 3% to 971p, while Severn Trent slipped 30p to 1028p, after being hit by sector weakness. Analysts say the cutting of Kelda stock is also having a negative impact on the sector, Kelda being the UK’s third largest publicly traded firm. United Utilities also fell 17.50p to 649.50p, while United Utilities A shares shed 10p to 324p. On the winning side of the board, Cable & Wireless advanced 6p to 148p, along with Legal & General Group, adding 2p to 110.75p. Marks & Spencer Group lifted its shares 5p to 351.75p, after the Guard...

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

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 28 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read