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 yesterday’...

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

Party politics: Why investors should celebrate AIM's 30th birthday, even if the government won't

Party politics: Why investors should celebrate AIM's 30th birthday, even if the government won't

AIM has helped 4,000 businesses raise £135bn since launch

Eustace Santa Barbara
clock 19 June 2025 • 4 min read
AIM at 30: Why advisers should take a fresh look at the UK's junior market

AIM at 30: Why advisers should take a fresh look at the UK's junior market

'We see AIM as a jewel in the crown with long-term appeal for the right clients'

Oliver Brown
clock 17 June 2025 • 4 min read
Taking the rough with the smooth: How to navigate global market volatility

Taking the rough with the smooth: How to navigate global market volatility

'Like investing, smoothing isn't one-size-fits-all'

James Tothill
clock 13 June 2025 • 4 min read