Libya fallout weighs on FTSE

clock

The FTSE has opened trading in negative territory as fears over the fallout in Libya continue to unsettle investors.

London's leading index was down 0.09%, or 5 points, to 5,995 bringing to an end Friday's rally which saw shares surge past 6,000 following a pledge by Saudi Arabia to increase the supply of oil. Essar Energy tops the leaderboard, up over 5%, while HSBC - expected to report profits of around £14bn for 2010 - is also an early high-flyer, up nearly 2%. Eurasian Natural Resources, GKN and Financial Times owner Pearson - which said profits rose 21% last year - complete the winners' table. Associated British Foods, down nearly 1.5%, tops the losers' table, after saying its interim result...

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