The FTSE 100 has slowed down after a week of gains, with a slight fall of 0.5 points, or 0.01%, to 5431.4, in early trading, as shares in BSkyB slipped after subscriber numbers disappointed investors.
The subscription satellite service BSkyB has fallen 33p, or 6.26%, to 494p, while British Airways is also feeling the strain by dropping 5p, or 1.59%, to 308.75p. But it is not all bad news as Amvescap has risen 16.25p, or 4.32%, to 392.5p, on speculation that US fund manager Janus may bid for the firm, while Rentokil continues its run from yesterday with gains of 2.25p, or 1.44%, to 159p. Meanwhile insurer Legal & General also advanced 1.75p, or 1.61%, to 110.5p, after it said new tax laws would not harm profits. Elsewhere among the gainers, BP is also on the rise, jumping 9p, or 1.4...
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
