Tech falls erase FTSE gains

clock

Slumping technology giants erased gains on both sides of the Atlantic on Thursday.

In the UK, BT Group, which had earlier warned of a profits hit on its Global Services division, lost 10%, while Vodafone Group also struggled. At shortly before 3pm, London's blue-chip index, having earlier risen by as much as 2.3%, had fallen to a slim gain of just seven points, or 0.19%. Lloyds Banking Group, which had climbed 15% earlier on Thursday, fell back a little to 51p, a gain of 14%, but Royal Bank of Scotland (RBS) and Barclays, both early movers, fell out of the reckoning. However, Standard Chartered, up 6%, Standard Life and Cairn Energy, both up 4%, were having positive...

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

UK small-caps – down and out or ready for a rope-a-dope?

UK small-caps – down and out or ready for a rope-a-dope?

'Our faith is rooted in our own in-depth research and direct engagement with businesses'

Eustace Santa Barbara
clock 19 June 2026 • 5 min read
US-Iran truce eases inflation picture but markets to experience 'hangover'

US-Iran truce eases inflation picture but markets to experience 'hangover'

Fed and BoE face 'balancing act'

Michael Nelson
clock 15 June 2026 • 3 min read
FCA takes civil action against Neil Woodford and W4.0 for 'operating without authorisation'

FCA takes civil action against Neil Woodford and W4.0 for 'operating without authorisation'

Accused of breaching FSMA

Michael Nelson
clock 08 June 2026 • 2 min read