FTSE holds on BoE rate decision

clock

The FTSE 100 Index gave back early gains through the day, having hit a new five-year high at the start, closing up 1 point, or 0.02%, at 6,045 points as the Bank of England kept rates on hold at 4.5%.

PartyGaming rallied 10.23% to 142.75p as an attempt to ban online gaming in the US was met with a lack of support from US politicians. The mining sector extended yesterday’s gains as metal prices continued to boom and gold hit a five-year high. Rio Tinto rose 0.29% to 3,144p and Xstrata gained 1.96% to 2,027p. A Deutsche Bank "buy" tip took Corus's shares up 2.59% to 89.25p. But British Airways lost initial gains, despite a Citigroup price target hike to 425p from 400p, falling 1.82% to 350p. Scottish & Newcastle also fell back after yesterday's strong run, declining 0.37% to 542p, ...

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

Infrastructure: A good investment gone bad – and then good again?

Infrastructure: A good investment gone bad – and then good again?

'Infrastructure - a victim of a unique set of circumstances'

Darius McDermott
clock 02 May 2024 • 5 min read
Investment opportunities 'differ by client age group'

Investment opportunities 'differ by client age group'

‘Advisers should consider personal circumstances when it comes to investment’

Isabel Baxter
clock 02 May 2024 • 1 min read
PA360: It is 'impossible' to pick out the best asset class every year

PA360: It is 'impossible' to pick out the best asset class every year

‘The outsourced route is one that a lot of advisers are now taking’

Hope Coumbe
clock 26 April 2024 • 2 min read