FTSE rallies, but closes slightly down

clock

Strong performances from Whitbread and BSkyB was not enough to push the FTSE 100 higher today, with the index closing down 15.8 points, or 0.24%, to 6615.1.

Talk of US property investor Starwood Capital launching an offer for Whitbread propelled the leisure group to a 7.04% increase, finishing up 128 to 1946. BSkyB also had a positive day, its announcement of 90,000 customer additions in the last three months led to the satellite broadcaster gaining 28 points, or 4.17%, to 700. The UK's leading home and general merchandise retailer, the Home Retail Group, lost the most ground, it fell 10.75 points, or 2.39%, to 438.75. In New York, the Dow Jones is starting to recover some of yesterday’s losses – it is up 55.93 points, or 0.41%, to 13557.63...

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