Financials start FTSE rally

clock

The FTSE 100 has started trading strongly this morning, rising 33.8 points, or 0.58% to 5,853.9, after two days of losses.

Schroders and ICAP are leading the risers while oil and mining stocks are also improving. Schroders is currently up 1.72% to 887p, while ICAP has gained 2.17% to 459.25p. Meanwhile BP, Europe's second-biggest oil producer by market value said oil will continue to flow at Alaska's Prudhoe Bay oil field, causing it to gain 1.15% to 618p. And Anglo American, the world's No. 2 mining company, gained 0.52% to 2,315p, as copper prices rose, although Xstrata is currently down 0.49% to 2,242p. Elsewhere Barclays, Britain's third-largest bank by market value, has gained 1.2% to 643p, while HSB...

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

Targeted at sustainable, forward-thinking finance professionals

Professional Adviser
clock 10 May 2024 • 1 min read
Defaqto: 'No appropriate and compliant way to compare MPS portfolios'

Defaqto: 'No appropriate and compliant way to compare MPS portfolios'

Tech firm to debut a performance comparator tracking solutions’ data

Hope Coumbe
clock 09 May 2024 • 1 min read
Assessing investment decisions made in the heat of the moment

Assessing investment decisions made in the heat of the moment

'Investors were panicking, thinking no one would ever go outside again'

Chris Justham
clock 08 May 2024 • 2 min read