FTSE up as L&G raises £760 million

Legal & General advanced after saying it raised more than £760 million in a sale of shares to existing investors. On the back of this news, as well as Corus Group's decision to sell some of its units, the FTSE 100 rose 40.80, or 1%, to 4159.70. The FTSE All-Share gained 17.20, or 0.9%, to 1988.10. Legal & General advanced 3.75p, or 3.5%, to 112. The company said it sold about 1.27 billion shares at 60p each, offering them to existing investors at about half the current market price. Steelmaker, Corus, jumped 1p, or 2.4%, to 43 after Pechiney, the producer of aluminium, agre...