After a near 2.5% drop yesterday, the FTSE100 is showing signs of recovery in early trading on Wednesday, advancing 47.1 points, or 0.89%, to climb to 5,367.5.
Tullow Oil currently tops the winner's table after a jump in share value of more than 50p, or 7.42%, to 745.5p. Next is John Wood Group, up by 51.5p to 430p, and Rio Tinto, whch has climbed by 261p to hit £49.02p per share. Companies currently in the red include BT, down 10.2p to 167.1p, British Airways, down 6.5p, or 2.66%, to 238p, and Scottish & Southern Energy, down 36p taking to £14.17. In New York, the Dow Jones was not immune to the worldwide share slide and dropped 130.84 points, or 1.14%, to slump to 11,348.55 points. The top loser was AIG with a change of 1.28 points down to 2...
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