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

Partner Insight: Every year counts - Practical support from Octopus to cut through the pre-Budget noise

Partner Insight: Every year counts - Practical support from Octopus to cut through the pre-Budget noise

Helping clients act now for effective estate planning

Toyin Oyeneyin, Tax Product Specialist @ Octopus Investments
clock 25 November 2025 • 6 min read
Budget wish lists: Advisers share hopes and fears ahead of 26 November

Budget wish lists: Advisers share hopes and fears ahead of 26 November

Is increasing income tax the chancellor’s ‘least worst’ option?

Jenna Brown
clock 17 November 2025 • 9 min read
Bank of England holds interest rates at 4% as Budget looms large

Bank of England holds interest rates at 4% as Budget looms large

Five MPC members voted to hold rates

Michael Nelson
clock 06 November 2025 • 3 min read