FTSE powers ahead on strong oil and energy

Professional Adviser
clock

A late rally led by the strong energy and mining sectors drove the FTSE 100 higher this afternoon, closing Wednesday 48.90 points (0.81%) ahead to 6083.60.

Eurasian Natural Resources was clearly the best of the bunch, recording a solid 8.31% to 1420. Shire and Tullow Oil revelled in the near $120 per barrel crude prices, closing up 6.59% to 979 and 4.03% to 761.50 respectively. Alliance & Leicester was smashed on a poor overall day for the financials sector; the lender was down 7.45% to 491. Thomas Cook and Centrica also struggled, down 4.4% to 271.50 and 3.85% to 293.25 respectively. In New York, the Dow Jones IA is higher on another day of expected mixed reporting results, currently 57.56 points (0.45%) ahead to 12777.79. Boeing is lea...

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

Five years on from Covid: What's next for markets?

Five years on from Covid: What's next for markets?

It is now five years since the start of the UK’s Covid lockdown. Since then, we have seen considerable market and geopolitical-related change. Here, William Marshall looks back over the past five years and also explores what we might expect from markets...

William Marshall
clock 06 May 2025 • 4 min read
Gilt yields fall after Donald Trump backs down in 'tariff war'

Gilt yields fall after Donald Trump backs down in 'tariff war'

US president pauses most additional tariffs

Jonathan Stapleton
clock 10 April 2025 • 2 min read
Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read