UK stocks are treading cautiously this morning on the news that the price of crude oil dropped 7.4% yesterday.
The FTSE 100 Index has added about 4 points to 4,739, paced by UK water firms on the news that regulator Ofwat has confirmed they will be able to increase water bills by more than originally thought. United Utilities has added 22p this morning to 593.50p, while United Utilities ‘A’ shares are up 20.75p to 404.75p. Severn Trent has added 24p to 928.50p. Oil companies meanwhile are suffering, keeping the FTSE in check. BP, Europe's biggest oil company has lost 10.50p to 521.50p, while Shell Transport has shed 4.50p to 436.50p. Reed Elsevier, leads the fallers, down 12.50p to 475p,...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
