Financial services gains bring FTSE to 5000

clock

The FTSE 100 index closed the day up back over the 5,000 mark again on Tuesday, as money managers and financial services firms made the best gains.

Schroders and Amvescap made the best leap in share values today, as Schroders leapt 45 or 6.11% to 781p and Amvescap rose 16p or 4.69% to 357p, which in turn lifted the FTSE 100 by 32 points or 0.64% to 5000.5 points. Three of the firms who have today announced new multi-tie distribution deals with Barclays Bank have closed the day up. Aviva earned 12.5p or 1.93% to 660.5p while Prudential added 11.5p or 2.43% to 484.5p and Friends Provident rose 6.5p or 3.96% 170.75p. Hays, the recruitment agency, also closed the day down 5.25p or 3.91% to 129p while British Airways gained 9.25p o...

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

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
Evelyn Partners launches Index MPS range into IFA market

Evelyn Partners launches Index MPS range into IFA market

Five risk-rated portfolios to help cost-conscious investors

Jenna Brown
clock 20 May 2025 • 1 min read