FTSE rises on technology hopes

clock

News that Europe's biggest semiconductor maker STMicroelectronics is expecting better sales in the next year helped send technology stocks higher, and push the FTSE up by 49.10 points to 4,406.70 by the close.

MmO2 gained 4.25p to 103.75p to lead the gainers after weekend reports the firm may exceed analysts’ expectations when it reports results on Wednesday. Sage, the accounting software maker, gained 6p to 185.5p. GKN gained 5.75p to 246.5p after the head of its aerospace unit quit “for personal reasons”. BP added 9.5p to 445p after saying it sees production growing by 5% annually through 2008. British Airways closed up5.75p at 286.25p after reports it could be seeking a deal to offload its loss-making online booking venture Opodo. Investors dumped sin stocks, sending Diageo down...

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

Schroders chief executive Peter Harrison to retire in 2025

Schroders chief executive Peter Harrison to retire in 2025

Harrison began his career at Schroders as a graduate in 1988

Cristian Angeloni
clock 24 April 2024 • 2 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 19 April 2024 • 2 min read
Why non-transparent managers are behind most failed acquisitions

Why non-transparent managers are behind most failed acquisitions

‘They don’t understand the importance of culture and cohesion’

Rami Cassis
clock 12 April 2024 • 3 min read