Global stock rally fuels FTSE rise

Professional Adviser
clock

The FTSE 100 index shot up by 176.10 points to 3,953.40 by the close, fuelled by further positive re...

The FTSE 100 index shot up by 176.10 points to 3,953.40 by the close, fuelled by further positive reaction to earnings figures from the world's largest company General Electric and gains by technology stocks after analysts forecast increase spending on tech over the next two years. The FTSE 100 gains were felt across the board, with oil, financial services, supermarket, and aerospace and engineering stocks among the winners. Schroders non-voting shares gained 52p or 13% to 450p to put them at the head of the pack. However, it was BP and Vodafone vying for the honours o...

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 •