FTSE suffers lack of energy

clock

The FTSE 100 has ended the day down 66.9 points, or 1.06%, to 6.220.1, as a weak energy sector was compounded by a poor start to Wall Street.

International Power was the biggest drag on the index with a fall of 4.74% to 357p, after reports teh EU is to clamp down on the utility industry on evidence of collusion, while BG Group slipped 3.56% to 650p, and Scottish & Southern Energy dropped 3.5% to £14.91. Centrica also fell 3.11% to 350p, while miner Anglo American dropped 2.92% to £23.30, although losses were slightly limited by supermarket stocks, with Morrison climbing 1.21% to 272.5p, and Tesco gaining 1.2% to 421.75p. However Next performed well to post the biggest gains with a rise of 4.53% to £19.40, following yesterda...

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

Pensions tax breaks: Budget 'kite-flying' creating cash management challenge

Pensions tax breaks: Budget 'kite-flying' creating cash management challenge

Savers and advisers dealing with cash management quandary

Kate Toumazi
clock 14 October 2025 • 3 min read
Partner Insight: Finding the right partner for a managed portfolio service

Partner Insight: Finding the right partner for a managed portfolio service

Francis Clark Financial Planning set up a white-label managed portfolio service for their clients, but as the effects of COVID-19 played out and markets stagnated, they realised they needed a change. Managing Director Chris Reah explains how they found the right solution.

Chris Reah, Francis Clark Financial Planning
clock 13 October 2025 • 5 min read
Watch Professional Adviser's Working Lunch with Baillie Gifford - Decumulation Decisions: Resilient Monthly Income for Retirees

Watch Professional Adviser's Working Lunch with Baillie Gifford - Decumulation Decisions: Resilient Monthly Income for Retirees

Catch up on the discussion

Professional Adviser
clock 10 October 2025 • 1 min read