Morning markets: Financials a mixed bag in flat FTSE

clock

The FTSE 100 was up 11 this morning at 5,613 points, with financials peppering both sides of the gainers and losers tables.

Barclays fell 1.8% to 339.7p as rumours swirled about a fundraising backed by a Chinese investor. Credit Suisse said this week Barclays was its favourite UK bank, with a target of 375p, but added there was "limited scope for balance sheet expansion". Schroders, which went ex-dividend, dropped 1.8% to £13.63. Morgan Stanley said its sales momentum had "broadened from the corporate bond focus of the second and third quarters of 2009". Man Group also fell, by 1.9% to 244.7p. British American Tobacco and TUI Travel, newly ex-dividend stocks, fell by 3.8% and 2.4% respectively. Ro...

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

Why higher bond yields aren't causing a Mini-Budget meltdown

Why higher bond yields aren't causing a Mini-Budget meltdown

'One thing we know about Rachel Reeves is she will live or die by her fiscal rules'

Laith Khalaf
clock 07 October 2025 • 5 min read
City 'has lost sympathy with this Labour government' - George Osborne

City 'has lost sympathy with this Labour government' - George Osborne

Former chancellor defends the OBR

Michael Nelson
clock 01 October 2025 • 3 min read
Labour remains 'unequivocal in our commitment to economic responsibility' - Chancellor

Labour remains 'unequivocal in our commitment to economic responsibility' - Chancellor

Rachel Reeves was speaking at the Labour Party conference

Linus Uhlig
clock 29 September 2025 • 3 min read