FTSE down as BP and Vodafone sell off assets

clock

London's leading share index dropped below the 6,000 mark this morning as BP and Vodafone sold off parts of their asset base.

The index was down 0.23% at 5,996, falling from Friday's close at 6,009, after UK shares were buoyed by positive US economic data. This morning, oil giant BP announced it is set to sell its subsidiary Arco Aluminium to a consortium of Japanese firms for $680m in cash. Telecoms company Vodafone's sale of its 44% holding in SFR, a French mobile phone group, to Vivendi for £6.9bn is part of a raft of minority stake sales. by the firm. On Wall Street, the Dow Jones hit a 2011 high in early trading on Friday and closed up 0.5% at 12,376. US shares were boosted at the end of last week...

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 Investment

Trick or treat? The UK and global economy face their Halloween ghosts

Trick or treat? The UK and global economy face their Halloween ghosts

‘Wealth managers and market professionals are tiptoeing past economic graveyards’

Stephen Jones
clock 31 October 2025 • 4 min read
Why investors need to think about emerging markets a little differently

Why investors need to think about emerging markets a little differently

'Emerging markets are starting to look eerily similar to developed'

James Flintoft
clock 29 October 2025 • 3 min read
Watch PA's Working Lunch with Baillie Gifford: Acting your age – when growing up pays off

Watch PA's Working Lunch with Baillie Gifford: Acting your age – when growing up pays off

Catch up on the discussion

Professional Adviser
clock 29 October 2025 • 1 min read