FTSE is smoking as BAT heads higher

clock

The FTSE 100 index is bouncing back after an up and down week with gains of 42.7 points or 0.78% to 5,538, largely on the back of news affecting British American Tobacco.

Shares in BAT are up 4p or 0.31% to £13.02 after a US court ruled in favour of rival Philip Morris, part of Altria Group, concerning "light" cigarettes - a move which will now form the basis for a similar court judgment in a case involving former BAT unit Brown & Williamson. Utility Centrica is also among some of the top gainers with an advance of 5p or 2.1% to 243.5p, after the company reassured investors it sees earnings in line with expectations. Elsewhere, ITV has gained 1.5p, or 1.38%, to 110.25p, on hopes the football World Cup in 2006 will boost the broadcaster's advertising re...

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

FCA takes civil action against Neil Woodford and W4.0 for 'operating without authorisation'

FCA takes civil action against Neil Woodford and W4.0 for 'operating without authorisation'

Accused of breaching FSMA

Michael Nelson
clock 08 June 2026 • 2 min read
M&G's PruFund coming to Scottish Widows Platform

M&G's PruFund coming to Scottish Widows Platform

First third-party platform launch

Jen Frost
clock 08 June 2026 • 2 min read
Investors move from cash to US equities as confidence improves

Investors move from cash to US equities as confidence improves

Investment Association figures show

clock 05 June 2026 • 3 min read