FTSE 100 suffers worst day of 2015 so far

Anna Fedorova
clock

The FTSE 100 index fell sharply on Tuesday in its worst day of 2015 so far, as energy stocks plummeted on the back of further falls in the oil price.

The index closed 2.5% lower on the day at 6,702, pushed down by oil and mining stocks, as the price of Brent crude resumed its downward slide. The biggest fallers in the index were BG and Tullow Oil, down as much as 6.6% and 6.4% respectively. Antofagasta and Anglo American closely followed with falls of 5.2% and 4.8%. Financial stocks also weighed on the index, with Prudential falling 3%, after it emerged the group's CEO Tidjane Thiam is leaving to head Credit Suisse. However, the stock price of Credit Suisse soared on the news of the new appointment, its listing on the SIX Swiss ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

2025 investment trends: The updated reality in wealth management

2025 investment trends: The updated reality in wealth management

'The future of wealth management will lie in personalisation'

Julia Khandoshko
clock 16 January 2025 • 4 min read
UK inflation lowers to 2.5% in December

UK inflation lowers to 2.5% in December

Down from 2.6% in November

Sorin Dojan
clock 15 January 2025 • 2 min read
'It's a challenging time': Advisers react to record gilt yield rises

'It's a challenging time': Advisers react to record gilt yield rises

Clients worried about a weakening UK economy

Isabel Baxter
clock 13 January 2025 • 5 min read