Morning markets: FTSE rises on mergers and miners

clock

Early gains among financials and miners helped boost the FTSE up 27.43 points (0.50%) to 5482.80 in early trading.

London Stock Exchange Group gained 2.19% to 700p a share, followed by Lloyds Banking Group, which rose 1.76% to 57.78p. Miners Randgold Resources and Kazakhmys also performed well, rising 1.49% to 5110p and 1.35% to 1429p respectively. Meanwhile, International Power made the biggest gains of 4.97% to 338p following reports French power giant GDF Suez has made a takeover approach to the group. IT firms took a tumble with satellite provider Inmarsat making the biggest losses down 1.69% to 670.50p a share. Aerospace and defence technology provider Cobham fell 0.92% to 236.80p a share and...

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

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
Gilt yields fall after Donald Trump backs down in 'tariff war'

Gilt yields fall after Donald Trump backs down in 'tariff war'

US president pauses most additional tariffs

Jonathan Stapleton
clock 10 April 2025 • 2 min read
Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read