Man Group takes FTSE higher

Man Group has added 83p, or 3.6%, to £24.22. Funds under management surged 16% to $49.9bn for the year to March compared with £43bn last year and the firm reports funds now stand at about $54bn. BP has added 4.5p or 0.7% to 629.5p, while Royal Dutch Shell has increased 20p or 1.2% to £17.76. On the downside, Rio Tinto Group, Anglo American and BHP Billiton have fallen as copper futures drop for a second day. Rio has lost 38p or 1.3% to £29.25, Anglo American has lost 14p, or 0.7% to £21.40 and BHP Billiton has declined 16.5p or 1.6% to £10.33. In Japan, the Nikkei 225 Stock Average ...