FTSE opens higher despite global growth fears

clock

The FTSE has opened trading in positive territory, but fears of a double-dip recession on the back of disappointing US and Chinese economic data still abound.

Shortly after opening, London's leading shares were up 0.3% to 4852, after advancing 0.7% on Friday. Financials dominate the leaders, with Lloyds Banking Group - which is selling a portfolio of 40 private equity investments to a joint venture for £332m - up 1.19% to 55.35p and Aviva up 1.24%. Tui Travel, which has launched a green sub-brand leads the pack, is up nearly 2%. After making gains on Friday, miners are amongst the morning's losers, with Vedanta Resources down 0.75%, Antofagasta down 0.71% and Fresnillo 0.62% in the red. Rio Tinto is also down after selling the remaining par...

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 rises to 3.8% in July

UK inflation rises to 3.8% in July

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read