Bank of England halts FTSE decline

clock

The FTSE 100 Index recovered from earlier losses to end the day 5.50 points higher to 5009.20 points, after the Bank of England kept its benchmark interest rate at the same mark for a 10th month.

Royal & Sun Alliance Insurance Group leads rises adding 2.25p to 81.25p, while British American Tobacco picked up 22p to 1100p. At the other end of the scale, food chain, Morrison Supermarkets shed 5.50p to 177.50p, after issuing its fifth profit warning in less than 12 months, saying 2005 profits will be between £50m and £150m, and between £225m and £275m as analysts had expected. Corus Group also declined 1.25p to 41.75p, along with Initial Rentokil, down 2.50p to 151p. In the US the Dow Jones Industrial Average has added 26.38 points to 10503.24 points in its morning session, paced...

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

Woodford sets date for portfolio platform launch

Woodford sets date for portfolio platform launch

W4.0 will launch on Friday 6 June

Cristian Angeloni
clock 03 June 2025 • 1 min read
FCA seeks feedback on stablecoin and crypto policy proposals

FCA seeks feedback on stablecoin and crypto policy proposals

Feedback deadline set at 31 July

Patrick Brusnahan
clock 29 May 2025 • 1 min read
Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

The world is awash in debt. In the US, government borrowing has surged past 100% of GDP, and the fiscal deficit is at a level typically seen in wartime. Other major economies are in similar situations. So, what does this deluge of debt mean for markets?

Orbis Investments
clock 22 May 2025 • 5 min read