Financials and British Airways pushed the FTSE slightly higher this morning.
The UK market rose by 0.6%, or 30.4 points to 5,142.19 in early trading, as positive company news pushed selected stocks up. Broker Icap rose by 4.3%, to 317.8p. Richard Marwood, manager of Axa Investment Managers' Ethical Distribution fund, says Icap is one of the "good beta plays" if inflation appears and boosts shares. Lloyds Banking Group rose 4.0% to 50.14p after saying yesterday it would close its Irish retail business of 44 branches. British Airways, whose business class-only subsidiary OpenSkies said it will add flights to Washington in May after its New York route performe...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
