After falling slightly in early trading, and following a series of poor economic forecasts, UK market made a slight recovery and the FTSE100 index was down 11.03 points (0.26%) to 4,202.05.
Reckitt Benckiser built on early gains to rise to £27.75 per share, a rise of 5.84%, after announcing it would increase its dividend 60% after beating analyst's expectations. Banking and Insurance stocks fared badly, with Lloyds Banking Group down 5.58%, Prudential dropped 3.72% and Aviva lost 3.51%. Wall Street began to cover some of yesterday's lost ground as trading began, with the Dow Jones climbing 0.39% to 7,919.3. JP Morgan added 3.78% and Bank of America gained 6.98% after heavy falls on Tuesday. However, tech firms fell, with Intel shares down 1.42%, Hewlett Packard lost 1....
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