FTSE roundup: UK’s blue chip index continues slow climb as sterling slumps

The FTSE 100 has continued the slow climb it began at the beginning of this week, closing today at 7,361.56 points compared to last Friday's 7,264.56.

The blue chip index made gains of 0.44 per cent over the day, buoyed by a weak pound as the Bank of England's Michael Saunders' insistence that he supported an interest rate hike failed to stay the slide which Mark Carney's more doveish comments caused last night.

"GBP/USD is under pressure after Mark Carneys comments last night," explained CMC Markets analyst David Madden.

"In recent months there was a lot of speculation the Bank of England could hike interest rates next month, and in light of Mr Carneys remarks, a rate rise looks less likely now.

Traders are almost evenly divided over whether there will be a rate hike next month. The pound has enjoyed a positive run recently, and we are now seeing some profit-taking.

Tarmac company CRH paved the way for the FTSE 100 risers, as news that it could float its US division caused shares to jump almost four per cent.

Pharma company Shire, meanwhile, looked like it needed a shot in the arm despite receiving a boosted offer from Japan's Takeda, after Allergan rapidly backed out of the short-lived takeover battle.

Reckitt Benckiser was also dragging the FTSE down, as it announced weaker-than-expected revenues.

"First-quarter like-for-like sales rose by two per cent, but analysts were expecting an increase of 2.6 per cent," explained Madden.

There was takeover news elsewhere in the FTSE, as Ion Group made a £1.5bn bid for Fidessa in the final hours before its deadline to squeeze rival Temenos out of the bidding race.

Related Articles


  1. I loved as much as you’ll receive carried out right here. The sketch is tasteful, your authored subject matter stylish. nonetheless, you command get got an shakiness over that you wish be delivering the following. unwell unquestionably come more formerly again as exactly the same nearly a lot often inside case you shield this hike.

  2. Today, while I was at work, my cousin stole my iPad and tested to see if it can survive a twenty five foot drop, just so she can be a youtube sensation. My iPad is now broken and she has 83 views. I know this is completely off topic but I had to share it with someone!

  3. I’ll right away take hold of your rss feed as I can not to find your email subscription link or e-newsletter service. Do you have any? Please let me recognise so that I may just subscribe. Thanks.

  4. Great ?V I should definitely pronounce, impressed with your website. I had no trouble navigating through all the tabs and related info ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or something, web site theme . a tones way for your client to communicate. Excellent task..

  5. I would like to express thanks to this writer for bailing me out of this particular scenario. Because of searching throughout the the net and finding tips which are not beneficial, I assumed my entire life was done. Living minus the solutions to the issues you have fixed through this post is a crucial case, and the ones that could have badly damaged my entire career if I hadn’t noticed your web site. Your own ability and kindness in controlling all the details was vital. I am not sure what I would’ve done if I hadn’t come upon such a stuff like this. I can also at this time look ahead to my future. Thanks for your time very much for this professional and sensible guide. I won’t think twice to propose your web blog to any individual who should get direction about this problem.

  6. Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your webpage? My blog site is in the exact same area of interest as yours and my visitors would definitely benefit from a lot of the information you provide here. Please let me know if this ok with you. Thanks a lot!

  7. When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove me from that service? Appreciate it!

  8. I haven?¦t checked in here for some time because I thought it was getting boring, but the last few posts are great quality so I guess I?¦ll add you back to my daily bloglist. You deserve it my friend 🙂

  9. I wish to show my thanks to the writer for bailing me out of this type of trouble. As a result of searching throughout the the net and obtaining techniques which are not powerful, I thought my entire life was over. Living devoid of the strategies to the issues you have fixed as a result of your article is a critical case, and those that could have in a negative way damaged my entire career if I had not come across your web blog. The mastery and kindness in maneuvering every part was invaluable. I’m not sure what I would have done if I had not encountered such a step like this. I can also at this point relish my future. Thanks for your time very much for your professional and result oriented help. I won’t think twice to recommend the website to anyone who ought to have tips on this matter.

  10. Aw, this was an exceptionally good post. Taking the time and actual effort to create a top notch article… but what can I say… I procrastinate a whole lot and don’t seem to get anything done.|

  11. Hmm is anyone else encountering problems with the pictures on this blog loading? I’m trying to determine if its a problem on my end or if it’s the blog. Any feedback would be greatly appreciated.

  12. What’s Happening i am new to this, I stumbled upon this I’ve found It positively helpful and it has helped me out loads. I am hoping to contribute & help different users like its helped me. Good job.

  13. I am commenting to let you be aware of what a impressive encounter my friend’s daughter developed viewing the blog. She realized a good number of pieces, not to mention what it’s like to have an awesome coaching spirit to let many people completely know just exactly various hard to do matters. You actually did more than my expected results. Many thanks for presenting the priceless, trusted, edifying and even easy guidance on the topic to Janet.

  14. I’m not sure why but this web site is loading extremely slow for me. Is anyone else having this issue or is it a problem on my end? I’ll check back later on and see if the problem still exists.

  15. This is really interesting, You are an excessively professional blogger. I’ve joined your rss feed and look forward to searching for extra of your magnificent post. Also, I have shared your web site in my social networks!

  16. I like what you guys are up too. Such intelligent work and reporting! Keep up the superb works guys I have incorporated you guys to my blogroll. I think it’ll improve the value of my web site :).

  17. Hello! I could have sworn I’ve been to this site before but after browsing through some of the post I realized it’s new to me. Nonetheless, I’m definitely delighted I found it and I’ll be book-marking and checking back often!

  18. Oh my goodness! a tremendous article dude. Thanks Nonetheless I’m experiencing situation with ur rss . Don’t know why Unable to subscribe to it. Is there anyone getting an identical rss drawback? Anyone who knows kindly respond. Thnkx

  19. Wonderful blog! Do you have any tips for aspiring writers? I’m hoping to start my own website soon but I’m a little lost on everything. Would you suggest starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m totally confused .. Any suggestions? Many thanks!

  20. Good – I should certainly pronounce, impressed with your website. I had no trouble navigating through all tabs and related information ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or anything, web site theme . a tones way for your customer to communicate. Excellent task.

  21. I¦ve recently started a website, the information you offer on this web site has helped me tremendously. Thanks for all of your time & work.

  22. Hmm is anyone else having problems with the pictures on this blog loading? I’m trying to determine if its a problem on my end or if it’s the blog. Any feedback would be greatly appreciated.

  23. I am not sure where you are getting your info, but great topic. I needs to spend some time learning more or understanding more. Thanks for excellent info I was looking for this info for my mission.

  24. I was wondering if you ever considered changing the page layout of your blog? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or two images. Maybe you could space it out better?

  25. I’m truly enjoying the design and layout of your website. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a designer to create your theme? Outstanding work!

  26. Vielen Dank für Die Guten Beitrag. Ich war recherchieren dieses Thema für irgendwann . Die Artikel und Besonderheiten Sie angeben, ich war nicht aufmerksam. Ich werden verfolgend Ihre Website jetzt und idealerweise Sie werden viel mehr Gefühle und Einsichten.

  27. Good website! I really love how it is easy on my eyes and the data are well written. I am wondering how I might be notified whenever a new post has been made. I’ve subscribed to your feed which must do the trick! Have a great day!

  28. whoah this blog is wonderful i really like reading your articles. Keep up the great paintings! You realize, a lot of people are hunting round for this info, you could help them greatly.

  29. Hallo, ich habe Ihre Blog über Google gefunden, während Suche nach einem verwandten Thema Ihre Website aufgetaucht ist, sie sieht großartig. Ich habe es in meinen Google-Lesezeichen gespeichert.

  30. Es ist angemessene Zeit, einige Pläne für langfristig zu machen, und es Zeit, glücklich zu sein. Ich habe gelesen diese einreichen und wenn ich darf, wünsche beraten Sie wenige faszinierende Probleme oder Tipps. Vielleicht könnten Sie folgende Artikel schreiben, bezüglich dieses Artikels beziehen. Ich will lernen noch mehr Dinge ungefähr!

  31. You can certainly see your skills in the work you write. The world hopes for more passionate writers like you who aren’t afraid to say how they believe. Always follow your heart.

  32. Thanks for sharing excellent informations. Your website is so cool. I’m impressed by the details that you have on this site. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for more articles. You, my pal, ROCK! I found just the info I already searched everywhere and just could not come across. What a great web-site.

Leave a Reply

Your email address will not be published.

Back to top button