Reuters pegs FTSE back

clock

In the UK the FTSE 100 Index has shed 6.10 points to 5264.60 at its close, led by Reuters.

The provider of financial data shed 32p or 7% to 380.25p, after it announced a £1bn buyback, while analysts say 2006 profit estimates may drop as much as 20%. Oil exploration firm BP has also declined 9p to 633.5p, after reporting a 29% increase in second-quarter profit to $4.98bn on the back of a surge in crude oil prices. The figure however, failed to meet the $5.6bn figure expected by analysts. Online search engine, Yell group has, meanwhile, climbed 20.25p or 4.6% to 459.75p, after reporting a 20% increase in its fiscal first-quarter net income to £46.8m. Cable & Wireless advanced...

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

SEI to launch two LTAFs in private markets 'expansion'

SEI to launch two LTAFs in private markets 'expansion'

‘Mansion House ambition’

Cristian Angeloni
clock 03 July 2026 • 1 min read
Darius McDermott: Building a resilient portfolio in a concentrated market

Darius McDermott: Building a resilient portfolio in a concentrated market

'A well-balanced portfolio should also take in the broadest possible range of growth opportunities'

Darius McDermott
clock 01 July 2026 • 5 min read
Fahad Hassan: Progress on many fronts

Fahad Hassan: Progress on many fronts

'Financial markets are increasingly pricing in a more benign inflation environment ahead'

Fahad Hassan
clock 01 July 2026 • 5 min read