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 ...
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