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
Signup and gain exclusive members-only insights
- 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
