DSG profits bring FTSE down

clock

The FTSE 100 is struggling to hold ground this morning as attention has turned to the high street and reports from electrical retail DSG of reduced profit margins.

The FTSE 100 index has dipped under the 62,00 mark this morning and is currently down 17 points or 0.27% to 6,198, led by DSG – down 15.5p or almost 8% to 178.5p – and there are more losses than gains on blue chip share values. That said, brewer SABMiller has managed to limit the fall as its sales were 10% up in the third quarter in newer markets. SABMiller is up 36p or 3% to £12.07 as an acquisition last year has boosted its sales. Home Retail Group, owner of the Argos and Homebase retail chains, has also pulled back some of yesterday’s losses and is currently up 4.25p, or 1% to 412.5p...

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

Taking the rough with the smooth: How to navigate global market volatility

Taking the rough with the smooth: How to navigate global market volatility

'Like investing, smoothing isn't one-size-fits-all'

James Tothill
clock 13 June 2025 • 4 min read
Four key questions to guide informed investment decisions

Four key questions to guide informed investment decisions

Does the story make sense?

Gabriel Sacks
clock 12 June 2025 • 4 min read
Neil Woodford to charge up to £70 a month to access portfolio platform

Neil Woodford to charge up to £70 a month to access portfolio platform

W4.0 launches

Cristian Angeloni
clock 06 June 2025 • 2 min read