Morning Markets: FTSE flirts with 5,800 after Greece boost

clock •

The FTSE has continued Friday's sharp rise in early trading - up 20.99 points (0.36%) at 5,791.97 - buoyed by the eurozone's agreement to offer a £30bn loan package to Greece.

Retailers were among the early gainers, with Argos owner Home Retail Group climbing 3.7% to 292.40p. Sainsbury's was up 2.1% to 347.20p and Marks and Spencer added 1% to 375.20. Financials were also among the risers, with RBS up 1.4% to 45.46p and Prudential 1.39% higher to 581.50p. Mining shares fell, with Antofagasta down 0.85% to £10.48 and Xstrata 0.6% lower at £12.88. US shares gained ground on Friday as details of the Greece loan first began circling. The main Dow Jones Index briefly breached 11,000 points for the first time in 18 months, before closing up 70.28 points (0.6%) a...

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

UK inflation jumps higher than forecast to 3.5% in 'dose of reality'

UK inflation jumps higher than forecast to 3.5% in 'dose of reality'

Interest rate hike ‘likely’

Michael Nelson
clock 21 October 2026 • 3 min read
Fahad Hassan: When good news becomes an inflation problem

Fahad Hassan: When good news becomes an inflation problem

'Markets have been adjusting to the risks through valuations all year'

Fahad Hassan
clock 29 September 2026 • 6 min read
Healey promises 'new age of industrialisation' ahead of Budget

Healey promises 'new age of industrialisation' ahead of Budget

Keeps quiet on personal taxation, pensions or savings at Labour’s conference

Isabel Baxter
clock 28 September 2026 • 2 min read