FTSE higher on Prudential news

clock

Prudential and mining stocks led the FTSE100 higher at the end of the week, up 26.90 to 5719.30.

The insurer announced strong profits for 2007 while the miners benefited from the high commodity prices. BHP Billiton (up 33.00), Rio Tinto (up 116.00) and Anglo American (up 56.00) were all in the top five winners list. Meanwhile, supermarkets had a weaker end to the week with Morrison down 7.75 at 282.00 and Tesco falling 6.50 to 387.25. In the US, markets also closed up following positive news from Standard & Poor's that asset write-downs of financials could be ending. The Dow Jones rose 35 points to 12,145 despite investor concerns about the state of the US economy. However,...

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 Economics / Markets

BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

Geopolitics in the driving seat

Michael Nelson
clock 25 June 2026 • 2 min read
Advisers highlight uncertain political and fiscal future after Starmer resignation

Advisers highlight uncertain political and fiscal future after Starmer resignation

Prime minister’s exit places chancellor Rachel Reeves’ position ‘inevitably’ under scrutiny

Isabel Baxter
clock 22 June 2026 • 5 min read
OBR independence 'a major advantage' for UK economy

OBR independence 'a major advantage' for UK economy

Treasury Committee hearing

Alex Sebastian
clock 20 May 2026 • 4 min read