Retailer resurgence again drives FTSE

clock

The FTSE 100 has started well this morning with the retail and mining sectors again topping demand, the index is currently up 37.20 points (0.6%) to 6241.90.

Retailers are leading the way early, with B&Q owner Kingfisher up 4.99% to 153.60 and Marks & Spencer is too far behind up 2.82% to 410. Cairn Energy is also lighting up, 2.72% ahead to 3437; while a Citigroup upgrade to 'buy' has driven Standard Life higher, currently 2.63% up to 263.75. British Energy is struggling however on news French group EDF is the only company interested in making a full bid for the company. The energy firm is 1.36% lower to 691.50. In New York, the markets expectedly fell last Friday as the surprise AIG Q1 results smashed sentiment on Wall Street. The Dow Jo...

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 drops to 2.6% to bring 'fleeting' relief as fuel prices fall

UK inflation drops to 2.6% to bring 'fleeting' relief as fuel prices fall

BoE rate hike priced in for 2026

Michael Nelson
clock 22 July 2026 • 2 min read
Andy Burnham to launch ten-year plan for UK

Andy Burnham to launch ten-year plan for UK

Cost of living measures to be set out

Jaskeet Briah
clock 20 July 2026 • 3 min read
Ex-MPC member Jonathan Haskel approved as OBR chair

Ex-MPC member Jonathan Haskel approved as OBR chair

Nominated by Rachel Reeves

Cristian Angeloni
clock 17 July 2026 • 1 min read