Nokia nudges FTSE off course

clock

Mobile phone maker Nokia shocked European markets today by failing to meet quarterly sales estimates, helping send the FTSE down 7.90 points to 4,472.80 by the close.

Sage led the FTSE tech brigade down, shedding 7.5p to 178p. Hays paid the price for being associated with mobile phone clients of its recruitment services, closing down 4p at 125.5p. Antagofasta, the Chile-based copper miner, dropped 36p to 1,044p after investors fretted about commodities suppliers boosting output beyond demand. Xstrata followed suit, down 24.5p to 719p. British Airways lost 5.75p to 298.25p after Australian carrier Quantas, in which it has a 19% stake, announced plans to launch a low-cost airline in Southeast Asia. ITV dropped 2.25p to 128.25p after addition...

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

Omnis Investments launches passive range for Openwork and 2plan advisers

Omnis Investments launches passive range for Openwork and 2plan advisers

L&G to run day-to-day investment management

Patrick Brusnahan
clock 19 May 2026 • 2 min read
Digital bank Zopa gains targeted support authorisation

Digital bank Zopa gains targeted support authorisation

Receives regulatory approval for investment products

Sophia Panayi
clock 19 May 2026 • 1 min read
FCA and BoE called to provide certainty on tokenisation regulation

FCA and BoE called to provide certainty on tokenisation regulation

Tokenisation set to boost efficiency

Linus Uhlig
clock 18 May 2026 • 2 min read