FTSE storms ahead on confident US start

clock

A strong opening surge on Wall Street propelled an already buoyant FTSE 100 this afternoon, closing 139.30 points (2.36%) higher to 6046.20.

An organic growth increase led Experian to a stunning day at the office, the credit checking agency soared 11.03% to 395.25. Royal Bank of Scotland was the best of a solid banking sector, with the Bank of England’s mortgage market news boosting investor confidence. It climbed 7.6% to 375. Compatriot Barclays also drove ahead, up 6.68% to 479. Legal & General fell 4.89% to 124.50 after announcing static Q1 new business figures. BAE Systems also struggled, down 2.35% to 466.75. In New York, investors seem confident on more positive Q1 earnings reports, driving the Dow Jones IA higher in e...

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

UK inflation rises to 3.8% in July

UK inflation rises to 3.8% in July

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
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