FTSE rides crest of US recovery wave

Professional Adviser
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As US indices this afternoon rebounded strongly, the FTSE 100 index here managed to build on this mo...

As US indices this afternoon rebounded strongly, the FTSE 100 index here managed to build on this morning's gains, ending the day up 67.80 points at 3,938. Scottish & Newcastle led the charge with a 28.75p gain to 371p after announcing plans to spin off its pubs and restaurants business. Barclays gained 24p to 443p after announcing plans to issue an investment fund linked to the price of gold. Insurers had a good day. L&G gained 4p to 76.5p, a 5% rise. Aviva gained 20.5p to 450.5p. Shire Pharmaceuticals dropped 28.75p to 391.25p on news the US Food ...

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