ICAP boosts FTSE

clock

The FTSE 100 has risen 13.5 points, or 0.2%, to 6094.9 points this morning, paced by interbank broker ICAP.

ICAP has surged 8% to 516p after it agreed to pay $775m in cash for EBS, an electronic currency trading system, as it expands computer-based transactions. Pearson has climbed 7.5p, or 1%, to 765p. The publisher of the Financial Times said the company made a "good start" in 2006 and sales are "in line with expectations". BHP Billiton and Rio Tinto are pacing declining stocks as metal prices fall. BHP has declined 1% to 1137p, while Rio Tinto has also tumbled 1% to 3,044p. In Japan, the Nikkei 225 Stock Average rose 86.43 points, or 0.5%, to 17,403.96 points, led by Honda Motor and Sony...

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

PA360: It is 'impossible' to pick out the best asset class every year

PA360: It is 'impossible' to pick out the best asset class every year

‘The outsourced route is one that a lot of advisers are now taking’

Hope Coumbe
clock 26 April 2024 • 2 min read
PA360: Framing of information to investors 'extremely pervasive'

PA360: Framing of information to investors 'extremely pervasive'

Consumer Duty states consumer biases must not be exploited

Jenna Brown
clock 25 April 2024 • 1 min read
Schroders chief executive Peter Harrison to retire in 2025

Schroders chief executive Peter Harrison to retire in 2025

Harrison began his career at Schroders as a graduate in 1988

Cristian Angeloni
clock 24 April 2024 • 2 min read