FTSE enjoys an early sugar rush

clock

The FTSE 100 index is just about managing to maintain any gains this morning, led in the main by banking group HBOS and Tate & Lyle, as the drop in oil price is now beginning to affect major stocks.

The FTSE 100 Index is currently up 8.3 or 0.1% to 6164.7, led HBOS, Britain's biggest mortgage lender, which has so far gained 10p or 0.9% to £10.86 and Tate & Lyle, the sugar refiner and sweetener manufacturer, has added 35p or 4.45% to 822p. IN contrast, oil refiner BP has fallen 2.5p or 0.4% to 578p as the price of oil per barrel dropped again yesterday while Royal Dutch Shell B shares have fallen 3p or 0.17% to £18.00. In Asia earlier today, major Japanese stocks such as Toyota, Sony and Canon saw their share prices climb as the euro hit a new high against the yen – at 155.23 yen to...

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

Rathbones brings together responsible investment in Centre of Excellence

Rathbones brings together responsible investment in Centre of Excellence

Combines ethical and sustainable research capabilities

Patrick Brusnahan
clock 29 May 2026 • 1 min read
Why active management matters more for income investors

Why active management matters more for income investors

Significant implications for advisers and investors relying on passive income strategies

Rory Sandilands
clock 29 May 2026 • 4 min read
Can the energy crisis power renewables past their headwinds?

Can the energy crisis power renewables past their headwinds?

Renewables continue to see headwinds

Ian Aylward
clock 28 May 2026 • 3 min read