B&B's 14% jump drives markets ahead

clock

News the Clive Cowdery-led Resolution Ltd is looking to control lender Bradford and Bingley has fuelled a positive start for London markets this morning. B&B itself is 14.39% ahead this morning, to 75.50.

The FTSE100 is higher as investors gain confidence in the battered financials sector, up 16.20 points (0.29%) to 5683.40. Thomas Cook is leading the way for the blue-chips, after announcing it has reduced first half losses by 15% in April. The travel group is 3.74% higher to 243. Rival TUI is also up on the news, 2.92% ahead to 211.75. Miners are doing well, with Antofagasta 3.33% higher to 666.50. The London Stock Exchange Group is having a difficult start however, down 3.74% to 836.50; while property firm Liberty International is 3.29% lower to 852. In New York, Wall Street closed fla...

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 Economics / Markets

Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read
Chancellor Khalaf has a plan to make our economy boom

Chancellor Khalaf has a plan to make our economy boom

'So, Sir Keir, if you're reading, I do genuinely hope Rachel is doing okay. And my number's still the same. So, you know, call me'

Laith Khalaf
clock 25 July 2025 • 5 min read