FTSE edges lower despite Wall Street gains

clock

The FTSE ignored large gains on Wall Street overnight, falling 0.35% to 5,748.45 in early trading.

All eyes today will be on Ireland and its efforts to agree a bailout deal worth more than €80bn (£68bn). Rolls Royce continued its fall of early yesterday, softening slightly to 603p, on news it may have to adjust its Airbus 380 engines further. SAB Miller gave back some of the gains it made yesterday when its latest results beat analysts' expectations. It was down 0.8% at £21.39. Other fallers included Hammerson, off 2.1% at 402.4p after Morgan Stanley downgraded it to ‘equal weight', and Capita Group, 2.2% lower at 674.5p. The main gainer was Autonomy Corporation, up 2.6% at £...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Stories of the Week: UK wage growth cools less than expected; Reeves planning pension 'megafunds'; US inflation rises

Stories of the Week: UK wage growth cools less than expected; Reeves planning pension 'megafunds'; US inflation rises

Wage growth, pension 'megafunds' and US inflation: The biggest stories from the world of investment and asset management this week

clock 15 November 2024 • 1 min read
Partner Insight:  Bonds look as attractive as ever. Being nimble will be key

Partner Insight: Bonds look as attractive as ever. Being nimble will be key

Aegon Asset Management
clock 13 November 2024 • 2 min read
Partner Insight: Niches - Searching for roads less travelled

Partner Insight: Niches - Searching for roads less travelled

In this article, Richard Perrott from the MSIM’s International Equity Team, explains the team’s approach to finding potential investment opportunities within unexpected areas.

Richard Perrott, Executive Director International Equity Team @ MSIM
clock 12 November 2024 • 4 min read
Trustpilot