Budget builds FTSE higher

clock

The FTSE 100 has ended the session up 36.5 points, or 0.59%, to 6,256.8, following Gordon Brown's 11th Budget statement, which seemed to be welcomed by investors.

Property company Hammerson was the biggest riser with gains of 4.77% to £17.34, following bid speculation, while British Airways climbed 3.28% to 519.5p, and Yell Group advanced 3.07% to 588p. Land Securities also climbed 2.68% to £21.81, closely followed by BSkyB which ended up 2.53% to 568p, although gains were limited by Sainsbury which dropped 1.08% to 550p, while Whitbread led the losers with a fall of 3.62% to 318.64. However financials were among the biggest losers as Bradford & Bingley dropped 2.55% to 449.5p, closely followed by HSBC Holdings which fell 1.89% to 881p, while All...

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

UK inflation rises to 3.8% in July

UK inflation rises to 3.8% in July

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read