Drinks companies drain FTSE

clock

The FTSE 100 has ended the day down 32.1 points, or 0.5%, to 6,412.3, as poor results news from drinks companies and a bad start to Wall Street failed to rally the index.

Beverage maker Rexam was the biggest faller with a drop of 4.96% to 517p, after it announced a decline in full year profits, while brewer Scottish & Newcastle also slipped 4% to end at 552p. Bradford & Bingley dropped 2.57% to 455.25p, closely followed by Land Securities Group which fell 2.4% to £22.39, while Whitbread slipped 2.32% to £16.85, although losses were limited by Lloyds TSB which gained 1.24% to 614p. Shire Group did its best to lead a rally with a rise of 3.72% to £11.15, following positive final figures, while Drax added 3.7% to 686.5p, Hanson climbed 2.9% to 835p, and 3...

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

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
Bank of England warns of future rate uncertainty after vote to hold at 3.75%

Bank of England warns of future rate uncertainty after vote to hold at 3.75%

One vote to hike rates

Michael Nelson
clock 30 April 2026 • 2 min read
Navigating an uncertain environment: Applying a disciplined, data-driven approach

Navigating an uncertain environment: Applying a disciplined, data-driven approach

'​Looking ahead, the fundamental case remains constructive'

Fahad Hassan
clock 28 April 2026 • 2 min read