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

'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read
Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read