FTSE struggles against terrorist threat

clock

The FTSE 100 Index eased off earlier lows but still ended the day down 37.10 points, or 0.6%, at 5,823 points, following this morning's foiled plan to blow up US-bound aircrafts.

British Airways fell 5.06% to 370.25p after it banned all hand luggage from planes leaving the UK, including items such as laptops and mobile phones. Vodafone declined 3.86% to 112p after German peer Deutsche Telekom shocked the market with a warning on profits and a gloomy assessment of growth in its home market. BP dropped 0.73% to 615p and Royal Dutch Shell declined 0.97% to 1,931p after US crude oil fell over a dollar to $75.34 a barrel. More positively, International Power gained 3.35% to 316.50p after it said it had enjoyed a strong financial performance during the first half an...

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

Evelyn Partners launches Index MPS range into IFA market

Evelyn Partners launches Index MPS range into IFA market

Five risk-rated portfolios to help cost-conscious investors

Jenna Brown
clock 20 May 2025 • 1 min read
Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

The world is awash in debt. In the US, government borrowing has surged past 100% of GDP, and the fiscal deficit is at a level typically seen in wartime. Other major economies are in similar situations. So, what does this deluge of debt mean for markets?

Orbis Investments
clock 19 May 2025 • 5 min read
Three Invesco funds fail to deliver value to investors

Three Invesco funds fail to deliver value to investors

Manager's annual assessment found some poor performance

clock 14 May 2025 • 2 min read