Gains for steel and M&S leave FTSE up

clock

The FTSE 100 made a minor gain at the end of the week to hold its position over 5000, thanks to a ratings boost for Marks & Spencer.

The FTSE 100 made a minor gain at the end of the week to hold its position over 5000, thanks to a ratings boost for Marks & Spencer. The UK’s benchmark index earned just 5 points to 5005 by close of business in London, but it was enough to show some of the larger firms enjoyed positive gains for potential business in 2005. Marks & Spencer rose 7.5p or 2.07% to 369.75p after Lehman Brothers suggested investors should buy the high street retailers shares. Steel maker Corus also received a nice boost as CSFB suggested Chinese demand for steel will continue. Corus closed up 2.75p or 4....

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

Darius McDermott: The line between resilience and risk

Darius McDermott: The line between resilience and risk

'Trump has, for the most part, chickened out'

Darius McDermott
clock 29 July 2025 • 5 min read
Watch Professional Adviser's Working Lunch with Baillie Gifford - A compelling opportunity: The UK is on offer

Watch Professional Adviser's Working Lunch with Baillie Gifford - A compelling opportunity: The UK is on offer

Catch up on the discussion

Professional Adviser
clock 29 July 2025 • 1 min read
Advisers look to capital accumulation in Q2 2025

Advisers look to capital accumulation in Q2 2025

Interest in inflation protection nudges up

Jen Frost
clock 18 July 2025 • 3 min read