Pru stems earlier loss on FTSE

clock

UK stocks have recovered slightly from this morning, however, the benchmark FTSE 100 is trading down 38.80 points at 4616.40 points late this afternoon.

Prudential has stemmed the blood flow after losing 27p this morning. The insurer is down 30p to 392p. Old Mutual leads the afternoon fallers, losing £4.25 to 112.25. Sainsbury is also down 7p to 242p. Brewer, Scottish and Newcastle climbed steadily throughout the day, picking up 14.50p to 397.50p, with SAB Miller also up 5p to 762p. Earlier this afternoon, the Dow Jones Industrial Average index opened down 44.24 points to 9853.38 points in the US. Experiencing a see saw ride, Honeywell joins investment bank, JP Morgan Chase as early losers on the US benchmark, down $1.25 to $ 34.1...

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