Morning Markets: FTSE edges higher on BT buy call

clock

Telecoms giant BT leads the risers in early trading on Friday as markets edged higher once more. ...

Telecoms giant BT leads the risers in early trading on Friday as markets edged higher once more. As of shortly after 9am, the firm was almost 4p better, or 4.19%, at 96.9p, after Bank of America-Merrill Lynch raised its recommendation from neutral to buy and raised its price target from 110p to 130p. An hour after opening, the FTSE had advanced 0.19 points, or 0.08%, to 4,462.06. Royal Bank of Scotland was also in demand, rising 1.6p to 41.3p, but Barclays slipped 4p to 300p following confirmation of the £8.2bn sale of its BGI business to US investment giant BlackRock. Miners fell o...

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 Equities

Deep Dive: US equities may not have peaked but do require greater selectivity

Deep Dive: US equities may not have peaked but do require greater selectivity

Amid equity rebalancing

Linus Uhlig
clock 13 June 2025 • 4 min read
Partner Insight: Robeco Emerging Markets Equities strategy - Targeting alpha in a new world of growth

Partner Insight: Robeco Emerging Markets Equities strategy - Targeting alpha in a new world of growth

Jan de Bruijn, Director, Emerging Market Equities, Robeco
clock 06 June 2025 • 5 min read
Nedgroup Investments' Rob Burdett: It is time to move underweight equities

Nedgroup Investments' Rob Burdett: It is time to move underweight equities

Reducing exposure

Rob Burdett
clock 03 June 2025 • 2 min read
Trustpilot