Barclays announcement lifts FTSE

clock

London markets were lifted after a rights issue announcement from Barclays helped the financial sector, and the FTSE 100 added 31.4 points (0.56%) to 5,666.1.

London Stock Exchange Group regained much of the ground lost in recent days, up 117.5 points (14.08%) to 952p, while British Airways gained 18 points (8.53%) to 229p. Eurasian shares slid 70p (4.96%) to £13.42, while United Utilities lost 31.5 points (4.36%) to 690.5p. Wall Street traders began the day in a confident mood with expectations that the Federal Reserve would keep interest rates at 2%, and the Dow Jone added 71.89 (0.61%) to 11,879.32 by mid-morning. Citigroup shares were on the rise after yesterday’s news the firm would make redundancies, up 0.75 (3.98%) to $19.60, while J...

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