Imperial cash call cools FTSE

clock

A huge rights issue from Imperial Tobacco has unsettled London markets this morning, with the FTSE100 currently 47.70 points (0.75%) lower to 6328.80.

The Imperial Tobacco Group is expectedly leading the losses after making a £4.9bn cash call, down 3.51% to 2526. Mining conglomerate BHP Billiton is being hit hard on a poor start for the mining sector, 3.10% lower to 2128. ICAP is lower despite reporting a 23% jump in second-half profit, down 3.06% to 649.50. Pharmaceutical giant AstraZeneca is soaring this morning, up 4.67% to 2396. British Land suffered its first loss in 20 years, but better than expected overall figures has given it a boost, up 1.78% to 802. In New York, a late slide dented what were serious gains made by the ...

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