FTSE nearing three year high

clock

FTSE 100 Index is beginning to pull away from its 5,000 points nemesis, profiting a further 10 points this morning to 5,054.80, led by Wolseley.

The plumbing and heating firm has picked up 24p to £11.62, along with Rentokil Initial, up 2.50p to 159.25p. Betting firm William Hill is enjoying a good ride on the back of the ongoing Royal Ascot horseracing spectacle, picking up 8p to 548p. On the losing end, Allied Domecq shed 14p to 678p, after US drinks firm Constellation Brands and its partners dropped its plan to bid for the spirits maker, clearing the way for an agreed $13.7bn offer from Pernod Ricard. Royal & Sun Alliance Insurance has also lost 1.5p to 82p, after reports Corvus Capital, the takeover vehicle of financier And...

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

Woodford sets date for portfolio platform launch

Woodford sets date for portfolio platform launch

W4.0 will launch on Friday 6 June

Cristian Angeloni
clock 03 June 2025 • 1 min read
FCA seeks feedback on stablecoin and crypto policy proposals

FCA seeks feedback on stablecoin and crypto policy proposals

Feedback deadline set at 31 July

Patrick Brusnahan
clock 29 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 22 May 2025 • 5 min read