Morning markets: Financials a mixed bag in flat FTSE

clock

The FTSE 100 was up 11 this morning at 5,613 points, with financials peppering both sides of the gainers and losers tables.

Barclays fell 1.8% to 339.7p as rumours swirled about a fundraising backed by a Chinese investor. Credit Suisse said this week Barclays was its favourite UK bank, with a target of 375p, but added there was "limited scope for balance sheet expansion". Schroders, which went ex-dividend, dropped 1.8% to £13.63. Morgan Stanley said its sales momentum had "broadened from the corporate bond focus of the second and third quarters of 2009". Man Group also fell, by 1.9% to 244.7p. British American Tobacco and TUI Travel, newly ex-dividend stocks, fell by 3.8% and 2.4% respectively. Ro...

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