FTSE flat as Wall Street caps gains

clock

The FTSE 100 has ended the day practically unchanged with a small fall of 0.3 points to 6,149.3, as weak readings on the US economy limited a late rally.

Smith & Nephew was the biggest drag on the index with a fall of 4.22% to 487.75p, following its third quarter figures and confirmation it is in early stage merger talks with US firm Biomet. Amvescap also struggled, ending the day with a drop of 2.58% to 596p, closely followed by Sage Group which slipped 2.52% to 232.5p, while BAE Systems ended the day down 2.4% to 406p, while Carnival dropped 1.77% to £24.98. Unilever posted the biggest gains with a rise of 4.64% to £13.54, closely followed by British Energy Group which gained 4.39% to 452p, while GlaxoSmithKline climbed 1.58% to £14.14...

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

Advisers look to capital accumulation in Q2 2025

Advisers look to capital accumulation in Q2 2025

Interest in inflation protection nudges up

Jen Frost
clock 18 July 2025 • 3 min read
For companies – and their investors – management matters

For companies – and their investors – management matters

'Management, whatever the setting, really is a difference-maker'

Gabriel Sacks
clock 17 July 2025 • 4 min read
'No difference in my view': Reeves LTAF-ISA decree not enough to make platforms offer them

'No difference in my view': Reeves LTAF-ISA decree not enough to make platforms offer them

Retail platforms await further rule change details

Eve Maddock-Jones
clock 16 July 2025 • 4 min read