FTSE bruised by hard selling

clock

Investors only looked one way today as share prices failed to recover from an opening drop and sent the FTSE to a 71 points loss to 4,306.30 by the close as US markets opened down this afternoon.

Just four index members saw their shares gain as the main board of the London Stock Exchange went overwhelmingly red. Amvescap, the London listed fund manager that makes most of its money in the US, led the rout, shedding 14p to 316.75p. Man Group fell 54p to 1,400p. British Airways fell 8.75p to 238.25p after Thailand reported the re-emergence of bird influenza was now confirmed in most of the country, including the capital Bangkok. Barclays led the banks down, shedding 16p to 444p after reports a quarter of MPs have lent their support to the idea of forcing banks to hand over ...

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

SEI to launch two LTAFs in private markets 'expansion'

SEI to launch two LTAFs in private markets 'expansion'

‘Mansion House ambition’

Cristian Angeloni
clock 03 July 2026 • 1 min read
Darius McDermott: Building a resilient portfolio in a concentrated market

Darius McDermott: Building a resilient portfolio in a concentrated market

'A well-balanced portfolio should also take in the broadest possible range of growth opportunities'

Darius McDermott
clock 01 July 2026 • 5 min read
Fahad Hassan: Progress on many fronts

Fahad Hassan: Progress on many fronts

'Financial markets are increasingly pricing in a more benign inflation environment ahead'

Fahad Hassan
clock 01 July 2026 • 5 min read