Oil slip can't keep FTSE down

clock

The FTSE 100 came close to a fresh four and a half year high as it climbed 18.2 points, or 0.32%, to 5,722.6, but closed well off the day's best level as oil and tobacco shares fell.

But insurance firm Prudential gave the FTSE a boost, climbing 4.16% to 576p, as long-running talk that rival Aviva might be interested in a bid burst back into life after Prudential dropped JPMorgan Cazenove as its broker and appointed Goldman Sachs. Ports and ferries group P&O also rose 3% to 522p, after agreeing to a $6.4bn takeover bid from Singapore's PSA International, throwing out a previously agreed bid by Gulf state-backed Dubai Ports World. Cigarette makers Gallaher and Imperial Tobacco dropped, with Gallaher slipping 2.36% to 867p, while Imperial Tobacco fell 2.04% to 1,633p...

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

Wealth Club launches UK's first private markets SIPP

Wealth Club launches UK's first private markets SIPP

45% income tax relief

Patrick Brusnahan
clock 24 March 2026 • 1 min read
Rebalancing act: Sometimes doing very little in portfolio management is the hardest thing to do

Rebalancing act: Sometimes doing very little in portfolio management is the hardest thing to do

'More often, it's the quieter disciplines that matter most'

Phillip Young
clock 23 March 2026 • 3 min read
Crypto investors receive 40 times more HMRC tax warnings than stock traders

Crypto investors receive 40 times more HMRC tax warnings than stock traders

Data shows enforcement activity shift

clock 19 March 2026 • 2 min read