FTSE opens down as interest rate decision looms

clock

London's leading stock exchange dropped in early trading on Thursday ahead of an anticipated interest rate cut.

The move, expected to be by 50 basis points and taking the base rate to a historic low of just 1%, would move the UK more in line with Japan and the US. The FTSE 100 dropped as low as 4,152 shortly after opening but has since recovered and, as of shortly before 11.30am, had reached 4,222, a drop of just five points, or 0.13%. Stocks in the black today include gas producer BG Group, which climbed 7.45%, and catering giant Compass Group, which advanced more than 2.5%. However, Unilever - one of the world's largest consumer and food groups - has dipped into the red this morning, losing 5...

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

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 27 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read