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

Beyond London: Adviser opportunities in regional investment

Beyond London: Adviser opportunities in regional investment

Hugi Clarke unpacks the regional growth agenda

Isabel Baxter
clock 31 July 2026 • 1 min read
Looking beyond the oil shock

Looking beyond the oil shock

'A few weeks ago, there was genuine reason for optimism'

Fahad Hassan
clock 27 July 2026 • 4 min read
What does a new PM and chancellor mean for investments?

What does a new PM and chancellor mean for investments?

'What is important is what happens over the long term'

Jasper Thornton Boelman
clock 23 July 2026 • 4 min read