FTSE floored by house sales data

clock

The FTSE was approaching a 2.5% drop in early trading on Tuesday after poor UK house sales data hit confidence and Morgan Stanley lowered its growth estimates for the Euro area.

The blue-chip index has fallen more than 107 points, or 2.44% , to 4,296 following significant losses for the London Stock Exchange and Lloyds TSB Groups. Vodafone, the world's largest mobile phone company, climbed 7% in early trading after saying it aims to cut costs to protect earnings amid falling demand. Old Mutual, up 3%, and mobile phone firm Inmarsat, up more than 2%, also made gains. Significant losses for the biggest US car maker, GEN Motors, helped Wall Street to a near 1% loss on Wall St on Monday. The Dow Jones lost more than 73 points, or 0.82%, to 8,870.54, a drop also...

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

UK fund flows drop 92% in July amid volatility and geopolitical friction

UK fund flows drop 92% in July amid volatility and geopolitical friction

IA data shows

Cristian Angeloni
clock 04 September 2026 • 2 min read
Index providers: The importance of being earnest

Index providers: The importance of being earnest

Not all indices are created in the same way

Colin Leggett
clock 27 August 2026 • 7 min read
Darius McDermott: Electrification's second act

Darius McDermott: Electrification's second act

Electrification has become a national security question

Darius McDermott
clock 24 August 2026 • 5 min read