The UK's biggest insurer Aviva announced better than expected third quarter results today pushing up...
The UK's biggest insurer Aviva announced better than expected third quarter results today pushing up its shares and helping the FTSE 100 index gain 96.80 points to close at 4,103.70.
Aviva climbed 30p to 484.5p, although Amvescap had an even better day by gaining 53.5p to 384p after announcing it was going to cut staff even as losses were reported being lower than previously forecast.
Vodafone contributed to the index' push as it climbed 7.5p to 106p on news its Japanese operations have succeeded in getting customers to buy new multimedia services.
Schroders non-voting shares jumped 35.5p to 540.5p after it announced the sale of South American assets to American Express.
Media stocks were in trouble today as WPP fell 15p to 435p after new downgrades to its outlook for the advertising market.
That affected Reuters stock, which dropped 3.75p to 168p.
Mid-cap stocks in the FTSE 250 index gained, pushing the index up 15.6 points to 4,407.4 by the close.
Companies involved in the Public Private Partnership to rebuild London's Tube infrastructure made some of the biggest gains after recent days' drubbings.
Balfour Beatty jumped 13.5p to 160p after unwrapping a new £110m contract from Durham County Council.
And Amey jumped 2p to 26.5p after announcing the appointment of a new finance director.
Somerfield shares gained 3p to 47p after news that a director had bought 20,000 shares.
The wooden spoon went to a familiar name: Aberdeen Asset Management shed another 5p to 26.5p as issuers of split capital investment trusts came under further pressure and AAM was said to be on the verge of losing a unit trust management contract.
US indices remain relatively unchanged so far today.
The Dow Jones Industrial Average index is currently down 10 points at 8,483, and the Nasdaq Composite is up 3 points at 1,323.
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress