FTSE flirts with 6,000

clock

The FTSE100 has just risen over the 6,000 mark, up 31.80 at 6012.20, despite a poor showing from financials in early trading.

News that Royal Bank of Scotland could be set to announce a huge rights issue of between £5bn and £12bn impacted on financial names early this morning with HBOS down 22.50, Lloyds TSB falling 13.75, RBS down 9.00 and Alliance and Leicester slumping 10.50. However, miners helped pull the FTSE upwards with solid performances from Rio Tinto, BHP Billiton and Lonmin. Tate & Lyle is top of the winners list up 17.00 while Cadbury Schweppes is also rising up 10.50 to 567.50. Sage Group rose 3.75 while Shire is up 18.50. There were mixed fortunes for the US with the Dow Jones up 1 at 12,62...

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

BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

Geopolitics in the driving seat

Michael Nelson
clock 25 June 2026 • 2 min read
Advisers highlight uncertain political and fiscal future after Starmer resignation

Advisers highlight uncertain political and fiscal future after Starmer resignation

Prime minister’s exit places chancellor Rachel Reeves’ position ‘inevitably’ under scrutiny

Isabel Baxter
clock 22 June 2026 • 5 min read
OBR independence 'a major advantage' for UK economy

OBR independence 'a major advantage' for UK economy

Treasury Committee hearing

Alex Sebastian
clock 20 May 2026 • 4 min read