Morning Markets: FTSE buoyed by late Wall Street rally

clock

The FTSE 100 opened higher, up 0.35% or 18.22 points to 5,196.74 following Wall Street's late rally.

Banks led early morning gains, with Lloyds Banking Group advancing 1.79% to 59.75p, while Royal Bank of Scotland rose 1.35% to 47.35p. Market casualties include British American Tobacco. It dropped 0.77% to £21.36 after revealing that its chief operating officer Nicandro Durante will become CEO in February when Paul Adams steps down. BAT rival Imperial Tobacco Group was also among early fallers, down 0.57% to £19.03. Meanwhile, shares in embattled oil giant BP dipped 0.15% to £3.33. On Wall Street, the Dow Jones was largely unchanged after having suffered falls in early trading....

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 ups defence spending to 2.6% of GDP by 2027 as billions pledged

UK ups defence spending to 2.6% of GDP by 2027 as billions pledged

Chancellor delivered Spending Review

Sorin Dojan
clock 11 June 2025 • 4 min read
Chancellor to pledge billions to 'invest in Britain's renewal' in Spending Review

Chancellor to pledge billions to 'invest in Britain's renewal' in Spending Review

Rachel Reeves to unveil Spending Review later today

Linus Uhlig
clock 11 June 2025 • 1 min read
Five years on from Covid: What's next for markets?

Five years on from Covid: What's next for markets?

It is now five years since the start of the UK’s Covid lockdown. Since then, we have seen considerable market and geopolitical-related change. Here, William Marshall looks back over the past five years and also explores what we might expect from markets...

William Marshall
clock 06 May 2025 • 4 min read