Alliance & Leicester funding reports raise FTSE

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The FTSE rose 0.65%, or 40.7 points, to 6346.9p this morning as Alliance & Leicester rose 10.39%, or 66 points, to 701.5p after saying it has enough funding to see through to the third quarter of next year.

Invesco rose 3.99%, or 25p, to 696p after its interim results showed net profits rose 38% to £104.4m in the six months to the end of September. Mitchells & Butlers fell 4.11%, or 25.5p, to 595.5p after the pub chain owner’s interim results showed a £10m loss after a property transaction came to a halt. Cadbury Schweppes fell 1.3%, or eight points, to 607p as Canadian competition regulators investigate the confectionary and drinks manufacturer over price-fixing allegations. In the US, the Dow Jones rose 2.55%, or 331.01 points, to 13289.45 as American International Group jumped 5.93%, or ...

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