Banks lead FTSE rally

clock

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

Join

 

Already a Professional Adviser member?

Login

More on Investment

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read
IFAs look to boost clients' private markets exposure

IFAs look to boost clients' private markets exposure

Expect increase in stock market volatility

Jen Frost
clock 02 July 2025 • 2 min read
Winds of change: Private markets access for retail investors

Winds of change: Private markets access for retail investors

Investing in LTAFs, accessibility aside, needs careful consideration

Dorian Hughes
clock 02 July 2025 • 5 min read