FTSE rises on holiday spending

clock

The FTSE 100 index has added 10 points or 0.2% to 5741.5 this morning, following gains for retailers GUS and Sainsbury.

GUS has climbed 16.5p or 1.6% to £10.21 after the company said fiscal third-quarter sales at its Argos and Homebase chains improved as it added selling space and consumers splashed out on holiday gifts. Sainsbury has also advanced 1.75p or 0.5% to 326p after the company said sales rose for a fourth-straight quarter. Meanwhile, BT has lost 3.5p or 1.6% to 219.5p, and Vodafone has declined 1.75p or 1.34% after France Telecom said revenue growth was 2% to 3% in 2005, less than an October forecast of about 3% growth, excluding takeovers and currency effects, and an original target of 3% to ...

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

FCA seeks feedback on stablecoin and crypto policy proposals

FCA seeks feedback on stablecoin and crypto policy proposals

Feedback deadline set at 31 July

Patrick Brusnahan
clock 29 May 2025 • 1 min read
Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

The world is awash in debt. In the US, government borrowing has surged past 100% of GDP, and the fiscal deficit is at a level typically seen in wartime. Other major economies are in similar situations. So, what does this deluge of debt mean for markets?

Orbis Investments
clock 22 May 2025 • 5 min read
Evelyn Partners launches Index MPS range into IFA market

Evelyn Partners launches Index MPS range into IFA market

Five risk-rated portfolios to help cost-conscious investors

Jenna Brown
clock 20 May 2025 • 1 min read