The FTSE 100 opened higher on Thursday following impressive overnight gains in New York.
At shortly after 8.30am, the index had risen to 4,204, having closed on 4,190 the previous day, after the Dow Jones finished Wednesday 168 points ahead. Banks lead the rally with Barclays shares up 7.41% to 19p and RBS Group up 6.52% to 2.4p. Financials were also among the biggest losers. General insurer Admiral Group and Standard Life fell 2.16% and 1.25% respectively. The positive performance came despite figures from Nationwide showing house prices fell 0.4% in April, reversing March's upward trend. IFAonline
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