The FTSE 100 has ended the day slightly higher, up 3 points, or 0.05%, to 5,903.4 boosted by Intercontinental hotels and BAE Systems.
Intercontinental Hotels led the gains with an increase of 2.78% to 905p, as traders bought in ahead of next week’s interim results, while BAE climbed 2.64% to 369.5p, on hopes it will benefit from a deal brokered by the British MoD to supply 72 Eurofighter jets to Saudi Arabia. Meanwhile advertising giant WPP also performed well, with gains of 2.11% to 652p, after reporting a 30% increase in first half profits and announcing plans to ramp up its share buyback programme. British Energy continued its downward spiral with a drop of 4.39% to 685.5p, while miners suffered as China increased ...
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