FTSE 100 flat as tobacco shares knocked by vaping tax reports
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy London’s top index has lagged behind European peers as reports of a new vaping tax weighed on Imperial Brands, while higher oil prices helped lift shares in mining giants. The oil price is once again rising amid ongoing shipping disruptions and repeated breakdowns in talks for a Gaza ceasefire that raise supply worries Axel Rudolph, analyst for IG Axel Rudolph, senior market analyst for IG, said: “The oil price is once again rising amid ongoing shipping disruptions and repeated breakdowns in talks for a Gaza ceasefire that raise supply worries.” Elsewhere in European markets, Germany’s Dax was up 0.76% and France’s Cac 40 closed 0.23% higher. Elsewhere, shares in fund manager Abrdn fell 3.31% even though the business said that it had managed to shrink its pre-tax loss from more than half a billion pounds to just £6 million last year.