Morning Markets: Unilever deal boosts FTSE

clock

A $3.7bn acquisition by consumer products giant Unilever led European markets higher in early Monday trade, the FTSE adding 0.2%.

The cash deal for US-based Alberto Culver helped Unilever gain more than 2.6% to £18.40 and saw London's leading index ease 0.18% higher to 5,608. Elsewhere, the French Cac and German Dax also advanced, by 0.31% and 0.26% respectively. In London, miner Kazakhmys climbed 1.76% to £14.46 while there were also early gains for Weir Group and Prudential. Engineering firm Smiths Group lost almost 2% to £12 ahead of its full-year figures on Wednesday and amid mounting speculation it may be broken up in an effort to drive shareholder value.   AstraZeneca lost 1% to £32.99, while ther...

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