FTSE falls back despite two-year high on Wall St


The FTSE fell back from yesterday's 31-month closing high in early trading Thursday, despite strong global gains overnight following a successful bond sale in Portugal.

London's leading index is 25 points, or 0.43%, down at 6,024. It closed Wednesday at 6,050, a 31-month closing high after a 0.6% gain. Supermarket behemoth Tesco is more than 2% lower after reporting a sharp fall in sales over the festive period because of disruption caused by the snow. Meanwhile, Xstrata, Diageo and British Airways have all opened lower. On the upside, engineering group IMI added almost 50p to 959p. Overnight in New York, the Dow Jones closed at a fresh two-year high, up 83 points to 11,755, after Portugal’s successful bond auction eased fears about another sov...

To continue reading this article...

Join Investment Week

  • 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


More on Investment

All the latest from the world of ESG investing

ESG Blog: UN secretary urged governments to impose windfall tax on 'immoral' energy companies

Round-up of ESG coverage

Investment Week
clock 04 August 2022 • 1 min read
The extraordinary general meeting (EGM) will take place on Friday 5 August.

Trian 1 story continues as shareholders call for support ahead of extraordinary general meeting

'Not fit for purpose'

clock 26 July 2022 • 4 min read
Lorenzo Brunelli, ESG product strategist at PIMCO

Partner insight: Looking beyond the labels

Investors should look beyond ESG-labelled debt and at opportunities like unlabelled green bonds and climate leader bonds

clock 19 July 2022 • 1 min read