The FTSE 100 shot up sharply for the second straight day following the Christmas break, adding 39.76 points, or 0.92%, to 4,359.11 by 9am.
Miners are once again strong, with Eurasian Natural Resources climbing 3.48% to 4,307.52. Rising oil prices moved Petrofac 3.03% forward to 1,203.84. BAE Systems is also among the leaders, adding 3.18% on the back of its takeover of defence logistics group Tenix last week. Schroders has continued its poor form, down 2.03% to 2,491.07, as speculation mounts the group will bid for Credit Suisse's asset management business. Among the sectors, consumer cyclical is the only one to see negative movements, falling 3.01% as the downturn continues, with a spate of insolvencies in the retail se...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
