FTSE falters on beer and drugs

clock

Stocks on the FTSE 100 index are heading south again this morning, led by brewer SABMiller and pharmaceutical firm Shire.

The FTSE 100 index was down 26.7 points or 0.5% to 5870 in early trading, prompted by SAB Miller, the world's third-largest beer maker, which fell 2.7% to 997p and Shire which has also fallen 1.7% to 817p. ITV, the commercial broadcaster, has also dropped 0.3% to 98.75p as the FT reported the company's flagship channel ITV1 will have a 20% in advertising revenue in the final quarter of the year. Asian stocks closed the day down generally, led by exporters such as Toyota Motor and Samsung Electronics as US reports suggested growth in the world's largest economy is weakening. Share values...

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

Advisers look to capital accumulation in Q2 2025

Advisers look to capital accumulation in Q2 2025

Interest in inflation protection nudges up

Jen Frost
clock 18 July 2025 • 3 min read
For companies – and their investors – management matters

For companies – and their investors – management matters

'Management, whatever the setting, really is a difference-maker'

Gabriel Sacks
clock 17 July 2025 • 4 min read
'No difference in my view': Reeves LTAF-ISA decree not enough to make platforms offer them

'No difference in my view': Reeves LTAF-ISA decree not enough to make platforms offer them

Retail platforms await further rule change details

Eve Maddock-Jones
clock 16 July 2025 • 4 min read