FTSE tumbles on beer while Nikkei is forced to close early

clock

The FTSE 100 Index has dropped 53.2 points, or 0.9%, to 5645.8 this morning, led by SABMiller and Imperial Tobacco.

SABMiller has slipped 2.69% to 1,084p. The brewer sold 1.8% more beer in its fiscal third quarter and the amount of beer sold in South Africa was "marginally" higher in the three months ended 31 December. Imperial Tobacco Group has lost 3% to 1,640p as its shares are trading without the right to the second-half dividend of 39.5p. Shares of AstraZeneca have also dropped 2.86% to 2,720p on a report it lost a summary judgement over heart drug Toprol XL. And British Airways has declined 1.62% to 319p as oil prices touched four-month highs near $67 a barrel on concerns over supply constric...

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

Woodford sets date for portfolio platform launch

Woodford sets date for portfolio platform launch

W4.0 will launch on Friday 6 June

Cristian Angeloni
clock 03 June 2025 • 1 min read
FCA seeks feedback on stablecoin and crypto policy proposals

FCA seeks feedback on stablecoin and crypto policy proposals

Feedback deadline set at 31 July

Patrick Brusnahan
clock 29 May 2025 • 1 min read
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