FTSE gets help from Friends

clock

Performance of the FTSE 100 index is flat this morning, having added just 2 points to 5,654 points, led by Friends Provident which has received an analysts' upgrade of its shares.

Friends Provident has risen 3.3p or 1.9% to 176.5p after Credit Suisse upgraded shares of the insurer to "outperform" from "underperform". Wellington Underwriting, the Lloyd's of London insurer, has gained 3.5p or 4.3% to 85p after the shares were raised to "buy" from "hold" at Citigroup. BP has fallen 2.5p or 0.4% to 622p after crude oil fell for the first time in a week in New York as the Organization of Petroleum Exporting Countries' members indicated the group may keep production at near-record levels. Rio Tinto Group has also dropped 54p or 1.8% to £28.78, while Anglo American...

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

FCA proposes 'targeted and proportionate' changes to listing rules for closed-ended funds

FCA proposes 'targeted and proportionate' changes to listing rules for closed-ended funds

Consultation runs into August

Michael Nelson
clock 26 June 2026 • 5 min read
Big games, big names… and smaller companies

Big games, big names… and smaller companies

'Brazil should be looking to the future rather than to the past'

Gabriel Sacks
clock 22 June 2026 • 4 min read
Why should investors back China in the worldwide robotics race?

Why should investors back China in the worldwide robotics race?

The race to identify Asia's hidden gems

Xin-Yao Ng
clock 19 June 2026 • 5 min read