FTSE slips after positive start

clock

A positive opening on the FTSE failed to see out the day, with the index slipping 65.8 points, or 1.09%, to 5,980 at the close of play.

SABMiller had a strong day, climbing, 59p, or 5.27%, to £11.79, as did International Power, Resolution, AMEC and HBOS which began the day at the top of the winner’s table. However, gains were stemmed by losses for Eurasian, down 68p to £12.72, Wolseley and retail group Next. In the US, the Dow Jones has also fallen, dropping 26.06 points, or 0.21%, to 12,593 in early trading. International Business Machines, American International Group, Walt Disney Group, Citigroup and American Express. However, these gains are being stemmed by losses for Pfizer, Procter Gamble, and United Technologies...

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

UK inflation rises to 3.8% in July

UK inflation rises to 3.8% in July

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read