The FTSE 100 is up 59.50 points today to 4,454.70 after nine out of every 10 stocks in the index made gains following yesterday's big sell-off caused by interest rate fears in the US.
Schroders gained most, up 35.5p to 620.5p as investors abandoned the view that higher US interest rates will automatically mean lower earnings and profits for UK companies. Standard Chartered gained 30p to 863.5p on statements it may make acquisitions in the fast-growing Indian and Chinese banking markets. British Airways gained 9p to 263p after it said it would start charging more for tickets to cover rising fuel costs – crude oil prices are at their highest since the early 1990s. Cable & Wireless dropped 0.25p to 115.75p after a US court judge said the company could put a financi...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
