Energy sector buoys FTSE after Dow soars

clock

The FTSE 100 advanced in early trading on Wednesday thanks to a positive start in the energy sector.

Energy giants International Power and National Grid have each added almost 1.7%, taking them to 225p and 543p respectively, while Cairn Energy climbed 1.64% to £21.65 and Royal Dutch Shell added 1.5% to £15.56. Hedge fund Man Group is the morning's biggest winner however, adding 1.86% to 205p. London's blue chip index climbed by more than 18 points, or 0.48%, shortly before 9.30am. Early drags on the index include Aviva, which has dropped 13.11% to 232p, and technology provider Smiths Group, which has fallen 8.64% to 750.5p despite posting a £135.2m pre-tax profit. The US Treasury's $...

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

Investors move from cash to US equities as confidence improves

Investors move from cash to US equities as confidence improves

Investment Association figures show

clock 05 June 2026 • 3 min read
The active funds beating the MSCI World for the past decade

The active funds beating the MSCI World for the past decade

'The next decade could be very different'

Darius McDermott
clock 04 June 2026 • 5 min read
Commodity allocations in a volatile landscape

Commodity allocations in a volatile landscape

'Currency dynamics are also becoming more significant'

Rob Gleeson
clock 03 June 2026 • 4 min read