FTSE static despite talk credit crunch at end

clock

The FTSE has opened unexpectedly slowly after strong gains across Europe, Asia and the US yesterday sparked talk the worst of the credit crunch may be over.

The index, which had a fairly static day on Tuesday, has dropped 3.5 points, or 0.06%, to 5,867 as of 9.45am. Legal & General currently heads the day’s winners, advancing 3.8p, or 2.95%, to 132.8p. It is followed by the London Stock Exchange Group, up 37p to £13.36, and Old Mutual, up 2.7p to 119.8p. But international passenger travel firm FirstGroup has dropped 22p, or 3.61%, to 588p, and it is joined in the loser’s table this morning by Lonmin, down 102p to £29.17, and Anglo American. In the US, a strong day on the Dow Jones saw the index climb 391.47 points, or 3.19%, to 12,654.36. C...

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