Morning Markets: Home retailers drag FTSE down as economy remains subdued

clock

The FTSE was down in early morning trading by 21.35 points (0.40%) at 5292.46, as markets remain cautious awaiting the latest UK GDP reading - due at 9:30am - and EU bank stress test results due after close of business today.

ARM Holdings topped the leaders' board, up 4.86 points (1.52%) trading at 321p on the back of their results, Thursday. Vodafone Group PLC was up 1.65 points (1.11%) to 150p, as the mobile giant reported higher-than-expected revenue for the first quarter and announced a settlement of its outstanding tax bills with the UK tax authorities. Anglo American Plc also performed well trading at £24.95, up 18 points (0.73%) as De Beers, which is 45% Anglo-owned, reported positive first-half earnings with sales up 84% to £2.6bn. Elsewhere Kingfisher was down 3.7 points (1.64%) to 221p, as Eur...

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

OBR chair says leak could have come from 'external person'

OBR chair says leak could have come from 'external person'

OBR faces scrutiny after key document shared before Budget

Jen Frost
clock 27 November 2025 • 2 min read
Budget 25: Early OBR reports downgrades UK growth outlook as fiscal headroom doubles

Budget 25: Early OBR reports downgrades UK growth outlook as fiscal headroom doubles

OBR report released in 'unprecedented leak'

Patrick Brusnahan
clock 26 November 2025 • 1 min read
Budget 25: Council tax surcharge for £2m properties revealed

Budget 25: Council tax surcharge for £2m properties revealed

High Value Council Tax Surcharge in place from April 2028

Jen Frost
clock 26 November 2025 • 2 min read