Vodafone pushs FTSE higher

clock

The FTSE 100 is up 16.2 points, or 0.25%, to 6,622.8 in early trading, as an increased demand for utilities is pushing the index higher.

However, Vodafone is posting the biggest gains with a rise of 3.46% to 149.60p, closely followed by utility stocks such as Drax which is up 3.02% to 819.5p, and Kelda Group which has added 2.52% to 997p. Rexam is also up 3.37% to 537.5p, while British Land has added 2.03% to £14.55, although gains are being limited by Bradford & Bingley which has slipped 1.48% to 448.25p. Tate & Lyle is the biggest loser with a fall of 6.82% to 601p, following cautious comments about its current trading situation, while retailer Next has fallen 2% to £22.54, International Power has slipped 1.81%t o 460....

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 Economics / Markets

'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read
Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read