FTSE holds to close week up

clock

Investors retained faith in the UK's biggest companies this week, sending the FTSE 100 index up 13.60 points to 4,482.30 by the close to register a an 18 points rise on the close one week ago.

Rolls Royce gained 10.75p to 231p as investors bought into the long-term gains from a deal to supply Boeing with engines for a new line of passenger aircraft. Dixons climbed 6.25p to 152.25p. Tesco added 9.75p to 250.75p. Marks & Spencer dropped 9p to 274.25p on fears of poor sales figures to be reported next week. The FTSE 250 index climbed 11.9 points to 6,335. Eurotunnel closed down more than 10% or 4.25p at 34.5p as investors mulled over the change of board instigated by rebel shareholders looking to renegotiate the firm’s massive debt load. IFAonline

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

Infrastructure: A good investment gone bad – and then good again?

Infrastructure: A good investment gone bad – and then good again?

'Infrastructure - a victim of a unique set of circumstances'

Darius McDermott
clock 02 May 2024 • 5 min read
Investment opportunities 'differ by client age group'

Investment opportunities 'differ by client age group'

‘Advisers should consider personal circumstances when it comes to investment’

Isabel Baxter
clock 02 May 2024 • 1 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 02 May 2024 • 2 min read