Tobacco firms steady FTSE nerves

clock

The FTSE 100 has ended the day only slightly changed with a drop of 2.6 points, or 0.04%, to 6,130.6, as tobacco firms offset losses by insurers.

Friends Provident was the biggest loser with a drop of 1.9% to 194p, closely followed by Standard Life which ended down 1.76% to 293.75p, while miner Kazakhmys slipped 1.78% to £11.06. Plumbing firm Wolseley declined 1.88% to £11.99, while Cadbury Schweppes fell 1.53% to 610.5p, although losses were limited by supermarket chain Sainsburys which gained 2.44% to 556p. Imperial Tobacco Group posted the biggest gains with a rise of 4.86% to £23.30, closely followed by British American Tobacco which climbed 2.18% to £15.96, while Hammerson added 3.63% to £16, and Unilever advanced 2.76% to £...

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