Weak dollar hits FTSE firm profits

clock

In London, markets fell back in early trading as the weak dollar hit profits at some firms and the FTSE 100 was down 15.7 points, or 0.24%, to 6,470.7.

Standard Chartered made the biggest gains, up 19 points, or 1.19%, to £16.17, followed by Invesco, which jumped 7.5 points, or 1.13%, to 668.5p. British Airways added 3.75 points, or 0.98%, to 388p, Resolution gained 6 points, or 0.88%, to 690.5p, and Smith & Nephew climbed 5 points, or 0.86%, to 587.5p. Tate & Lyle shares dropped drastically as the company said the weak dollar would impact on profits, down 125.25 points, or 22.47%, to 432.25p. Northern Rock lost much of its gains over the week, down 9 points, or 4.65%, to 184.5p and Antofagasta fell 27 points, or 3.42%, to 763.5p. On...

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

Inflation falls faster than predicted ahead of BoE interest rate vote

Inflation falls faster than predicted ahead of BoE interest rate vote

3.2% in November

Michael Nelson
clock 17 December 2025 • 2 min read
FCA's Rathi addresses Autumn Budget market abuse concerns

FCA's Rathi addresses Autumn Budget market abuse concerns

Pens open letter to Treasury Committee

Isabel Baxter
clock 04 December 2025 • 2 min read
More tax, less shelter: A slow-burn Budget for savers and investors

More tax, less shelter: A slow-burn Budget for savers and investors

'The Budget documents make for sobering reading for those trying to build up their wealth'

Laith Khalaf
clock 04 December 2025 • 3 min read