Investors showed their support for the FTSE 100 staying at a level above 4,200 by ending three days ...
Investors showed their support for the FTSE 100 staying at a level above 4,200 by ending three days of losses today. Better than expected company results had no small part in this change. Exel, the biggest logistics firm, said it would meet analysts' full-year forecasts. P&O reported narrowing losses as its UK ports operations saw business grow in the first half. And BAE Systems reported a smaller loss compared to this time last year. These may not be "sexy" shares, but they do indicate that the UK economy is growing faster again, boosting demand for shipping services and other suppor...
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