Energy companies power up FTSE

clock

The FTSE 100 has ended the session up 30.5 points, or 0.48%, to 6,449.2, as positive broker comment, healthy gains among the miners and an early recovery in the US pushed the index higher.

International Power posted the biggest gains with a rise of 3.28% to 440.25p, closely followed by Punch Taverns which added 2.68% to £13.04, while Home Retail climbed 2.52% to 457.25p. Detica Group added 2.52% to 387p, while Cable & Wireless advanced 2.43% to 185.6p, although gains were limited by BAE Systems which ended the session down 0.65% to 457p. Scottish & Newcastle was the biggest loser with a fall of 1.28% to 617p, closely followed by Shire which dropped 1.02% to £11.70, while Smiths Group declined 0.73% to £10.85, and Lonmin fell 0.69% to £33.11. In the US, the Dow Jones Ind...

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 Economics / Markets

UK ups defence spending to 2.6% of GDP by 2027 as billions pledged

UK ups defence spending to 2.6% of GDP by 2027 as billions pledged

Chancellor delivered Spending Review

Sorin Dojan
clock 11 June 2025 • 4 min read
Chancellor to pledge billions to 'invest in Britain's renewal' in Spending Review

Chancellor to pledge billions to 'invest in Britain's renewal' in Spending Review

Rachel Reeves to unveil Spending Review later today

Linus Uhlig
clock 11 June 2025 • 1 min read
Five years on from Covid: What's next for markets?

Five years on from Covid: What's next for markets?

It is now five years since the start of the UK’s Covid lockdown. Since then, we have seen considerable market and geopolitical-related change. Here, William Marshall looks back over the past five years and also explores what we might expect from markets...

William Marshall
clock 06 May 2025 • 4 min read