Dell news and rate cut boosts Footsie

Professional Adviser
clock

After gaining value in early trading the UK's benchmark index the FTSE 100, closed higher boosted by ...

After gaining value in early trading the UK's benchmark index the FTSE 100, closed higher boosted by gains for US markets after computer network manufacturer Dell issued positive news, gains for UK listed retail stocks and a cut in the base rate. The Footsie gained 106.5 points to 5642 while London's tech focused index the Techmark increased by more than 4% to 1835.3 after Dell added $2.31 to 24.50 after saying earnings are on track to match forecasts for the first quarter. The Bank of England's Monetary Policy Committee voted to cut the interest rate figure by 0.25% to 5.5% in line wit...

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 uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •