FTSE sees modest rise despite downbeat news

clock

The FTSE 100 rose 0.5% to 5,757.22 in early trading, despite negative company announcements across various sectors.

News BA has made a new proposal to cabin crew in a bid to resolve a year-long dispute involving extended strikes, sending its shares up 3.4% to 287.5p. InterContinental Hotels Group also rose, by 2.7% to £12.03. Among the losers, Tullow Oil declined 3.5% to £12.09 on news its well on Ghana's coastline had hit problems. BAE Systems fell 0.5% to 348p after forecasting reduced growth this year as the government is expected to cut defence spending. TUI Travel's share price fell dramatically, dropping 6.6% to 215.3p after it said it had to restate its results for 2008/2009. In the...

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