The FTSE got on to a good start this morning, as stocks rose led by Aviva after the insurer said nin...
The FTSE got on to a good start this morning, as stocks rose led by Aviva after the insurer said nine-month sales climbed.
The company's shares advanced 13.5p, or 3%, to 468p. Nine-month sales rose 6% as it increased distribution agreements to sell retirement-savings products through banks across Europe.
Shares for Chloride Group have also jumped, after reporting a first-half profit from a year-earlier loss. Shares were up 2.5p, or 8.1%, to 33.5. The maker of devices that protect electrical equipment from power failures reported a first-half profit following a year- earlier loss after it closed and reorganized plants to reduce costs.
The FTSE 100 rose 42.50, or 1.1%, to 4049.40. The All-Share advanced 17.41, or 0.9%, to 1940.96.
European stocks also advanced after KLM Royal Dutch Airlines reported profit that topped the forecasts of analysts.
The Dow Jones Stoxx 50 Index rose 1.2% to 2517.12, after yesterday falling 3.4%, its biggest loss this month. The Dow Jones Stoxx 600 Index added 1.3% to 209.98.
KLM advanced 6.7% to €10.7. Fiscal second-quarter profit at the Dutch carrier more than tripled to €86 million.
Vivendi, the media company, climbed for the first day this week, adding 3% to €12.43. AOL Time Warner said quarterly sales increased 10% to $9.98 billion.
ABB rose 19% to 1.94 Swiss francs. Europe's biggest electrical-engineering company, may sell its oil, gas and petrochemicals unit after its third-quarter loss widened. The company is also speeding up a revamp and aims to save an additional $800 million a year by reorganizing its main business into two divisions.
The U.S. Standard & Poor's 500 Index rose 5.98 points, or 0.7%, to 896.14 yesterday, adding about 20 points after most European markets closed.
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