BA causes turbulence in FTSE's week of gains

clock

The FTSE 100 ended the week by shedding 8.3 points today to 5,423.6, but still managed its biggest weekly gain in two and a half years.

Disappointing numbers from broadcaster BSkyB and a drop by British Airways caused today's losses. Fund firm Amvescap was one of the big movers as it gained 7.5p, or 1.99%, to 383.75p, after rumours US fund manager Janus might make an offer for the group. Legal & General finishing 2p, or 1.84%, higher at 110.75, after the insurer said revisions to a draft of new tax legislation meant the law would no longer affect the company. Biggest mover was Yell, which advanced 9.5p, or 2.09%, to 463.5p after investors bought shares in companies due to release results next week. BSkyB suffere...

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

Rathbones brings together responsible investment in Centre of Excellence

Rathbones brings together responsible investment in Centre of Excellence

Combines ethical and sustainable research capabilities

Patrick Brusnahan
clock 29 May 2026 • 1 min read
Why active management matters more for income investors

Why active management matters more for income investors

Significant implications for advisers and investors relying on passive income strategies

Rory Sandilands
clock 29 May 2026 • 4 min read
Can the energy crisis power renewables past their headwinds?

Can the energy crisis power renewables past their headwinds?

Renewables continue to see headwinds

Ian Aylward
clock 28 May 2026 • 3 min read