Wall Street record lifts FTSE

clock

In London, shares were boosted by strong sales figures released in the US, which caused the Dow Jones to reach a record high, and the FTSE 100 began the day up by 17.8 points, or 0.27%, to 6,715.5.

Man Group shares saw the biggest gains in early trading, up 11 points, or 1.78%, to 627.5p. Old Mututal shares gained 2.9 points, or 1.71%, to 172.6p, followed by Alliance & Leicester, up 18 points, or 1.63%, to £11.20. Centrica shares added 5.5 points, or 1.44%, to 386.25p and Standard Chartered rose by 23 points, or 1.4%, to £16.65. Antofagasta shares lost some of yesterday’s gains and fell by 8.5 points, or 1.19%, to 707p. Cadbury Schweppes lost 5.5 points, or 0.83%, to 658p, and Kingfisher shares declined by 1.75 points, or 0.78%, to 223p. On Wall Street, reports of strong consumer ...

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

'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read
Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read