FTSE edging closer to 5,000 level

clock

The UK's FTSE 100 Index moved 38.3 points closer to a 5,000-point barrier, and is now just 20 points away, thanks in particular to Tate & Lyle.

The London benchmark reached 4979.8 points after sugar firm Tate & Lyle lead the charge and added as much as 33p or 7% to 501p. Cable & Wireless also bolstered the FTSE, picking up 4.5p to 127.5p, alongside British American Tobacco which gained 30p to 972.5p after a US court decided it would not have to pay a $280bn civil claims lawsuit to the government. Both firms added at least 3% to their stock increase. Mining firms Antofagasta and BHP Billiton added 39p to 1270p and 18p to 681p respectively. United Utilities, meanwhile, led the drop, declining 11p to 462p and while energy fir...

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

FCA seeks feedback on stablecoin and crypto policy proposals

FCA seeks feedback on stablecoin and crypto policy proposals

Feedback deadline set at 31 July

Patrick Brusnahan
clock 29 May 2025 • 1 min read
Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

The world is awash in debt. In the US, government borrowing has surged past 100% of GDP, and the fiscal deficit is at a level typically seen in wartime. Other major economies are in similar situations. So, what does this deluge of debt mean for markets?

Orbis Investments
clock 22 May 2025 • 5 min read
Evelyn Partners launches Index MPS range into IFA market

Evelyn Partners launches Index MPS range into IFA market

Five risk-rated portfolios to help cost-conscious investors

Jenna Brown
clock 20 May 2025 • 1 min read