Hanson weighs down FTSE

clock

The FTSE 100 index is down 4.5 points, or 0.08%, to 5,535.3, weighed down by building materials group Hanson after it forecast a weak start to 2006.

Hanson is currently the biggest faller, with a loss of 9p, or 1.44%, to 614p, after it forecast a rise in pre-tax profit this year but said weak demand in the UK and high energy costs were a risk next year. Meanwhile ICI has dropped 4p, or 1.21%, to 327p, while defence group BAE Systems has also slipped 4.25p, or 1.21%, to 346p, after Merrill Lynch cut its rating on the stock to 'neutral' on valuation grounds. Smaller energy stocks Tullow Oil and Dana Petroleum are also struggling. Tullow Oil has dropped 2.24% to 262p, while Dana Petroleum has fallen 10% to 918p, as the oil explorers ...

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

Rathbones brings together responsible investment in Centre of Excellence

Rathbones brings together responsible investment in Centre of Excellence

Combines ethical and sustainable research capabilities

Patrick Brusnahan
clock 29 May 2026 • 1 min read
Why active management matters more for income investors

Why active management matters more for income investors

Significant implications for advisers and investors relying on passive income strategies

Rory Sandilands
clock 29 May 2026 • 4 min read
Can the energy crisis power renewables past their headwinds?

Can the energy crisis power renewables past their headwinds?

Renewables continue to see headwinds

Ian Aylward
clock 28 May 2026 • 3 min read