FTSE well catered for by Compass

clock

The FTSE 100 Index gained 40.90 points, or 0.7%, to 6,067 points today, led by Compass Group after it agreed to sell its travel concession business.

Compass gained 4.03% to 238.75p after the contract caterer confirmed plans to return £500m to shareholders after selling off its SSP travel catering unit to Macquarie and the Swedish Wallenberg family for £1.82bn. The miners were also on top form as metal prices continued to strengthen. Kazakhmys rallied 2.92% to 1,235p, while Antofagasta rose 3.37% to 2,329p, Anglo American gained 2.87% to 2,405p and Rio Tinto was 1.63% higher at 3,115p. Financials dominated the fallers with Amvescap down 1.64% to 539p, while Lloyds TSB dropped 0.65% to 536.50p, Man Group fell 1.71% to 2,529p and Barcl...

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

Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

The world is awash in debt. In the US, government borrowing has surged past 100% of GDP, and the fiscal deficit is at a level typically seen in wartime. Other major economies are in similar situations. So, what does this deluge of debt mean for markets?

Orbis Investments
clock 22 May 2025 • 5 min read
Evelyn Partners launches Index MPS range into IFA market

Evelyn Partners launches Index MPS range into IFA market

Five risk-rated portfolios to help cost-conscious investors

Jenna Brown
clock 20 May 2025 • 1 min read
Three Invesco funds fail to deliver value to investors

Three Invesco funds fail to deliver value to investors

Manager's annual assessment found some poor performance

clock 14 May 2025 • 2 min read