Pub drowns Friday FTSE sorrows

clock

The FTSE 100 ended this week down 17.8 points by close of business on Friday at 4,498.4 after UK stocks fell paced by Enterprise Inns.

Enterprise Inns, Britain's largest pub, lost 32p to 562p after a parliamentary committee said it would investigate pub operators, something the company said came as a “surprise”. J Sainsbury dropped 8p to 270.5p after a report by market-research company Taylor Nelson Sofres suggested the UK’s third-largest supermarket chain is losing business to chief competitor Tesco. In the meantime, Eurotunnel, which is the operator of the Channel Tunnel linking Britain and France, rose 1 penny to 25.5p. Newcastle United shed 3.5p to 37.5p. This is the soccer club’s biggest drop in more than eig...

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

PA360: It is 'impossible' to pick out the best asset class every year

PA360: It is 'impossible' to pick out the best asset class every year

‘The outsourced route is one that a lot of advisers are now taking’

Hope Coumbe
clock 26 April 2024 • 2 min read
PA360: Framing of information to investors 'extremely pervasive'

PA360: Framing of information to investors 'extremely pervasive'

Consumer Duty states consumer biases must not be exploited

Jenna Brown
clock 25 April 2024 • 1 min read
Schroders chief executive Peter Harrison to retire in 2025

Schroders chief executive Peter Harrison to retire in 2025

Harrison began his career at Schroders as a graduate in 1988

Cristian Angeloni
clock 24 April 2024 • 2 min read