It was an up and down session for the FTSE 100 today, as leading stocks threatened to push the index in the black late on. It finally closed 30.2 points down, or 0.45%, to 6614.30.
Johnson Matthey has lost some of the stellar gains made yesterday as speculation concerning its stock dies down. The advanced materials technology company finished 87 points lower, or 4.73%, to 1753. Fashion retailer Next also struggled today, it fell 69 points, or 3.31%, to 2016; while Antofagasta dipped after a downgrade by Morgan Stanley – the mining giant closed the session on 829, a 24 point fall, or 2.81%. Northern Rock typified the seesaw day for the index, the volatile stock started lower but then recovered as its directors fronted the Treasury Select Committee. The lender led t...
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
