Insurers and miners lead FTSE rally

clock

The FTSE 100 has opened 33.4 points higher this morning, led by insurance and mining stocks. As of 8:30am, the index had risen 0.88% to 3,838.

The leading companies included Randgold Resources and Prudential. Gold mining company Randgold jumped 11.67% to 3,350p while the Pru was up 8.84% to 274p. Prudential has also announced it will replace chief executive Mark Tucker in October with current chief financial officer Tidjane Thiam. These companies were joined in the black by bus and rail company FirstGroup, which was up 7.05% to 24, and mining business Xstrata, which rose 4.99% to 400. Xstrata, announced it has sold the remaining 11.3m shares from its $5.9bn rights issue. Stocks struggling so far include British Land, do...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 28 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read