The FTSE 100 index had another strong day's trading ahead of the Christmas break, as Cairn Energy and money managers made the best of the gains.
The UK’s main benchmark closed up 44.4 points or 0.94% to 4777.4 thanks largely to a boost for money managers Amvescap which gained 15.5p or 5.12% to 318.25p.
Rival firms Man Group and Old Mutual earning higher share prices, as Man rose 30p or 2.12% to £14.45 and Old Mutual added 3.25p or 2.5% to 133.25p.
Cairn Energy also managed to pull back some of its losses earlier in the week, despite a drop in the oil price.
British Airways rose 5p or 2.2% to 229.75p after the price of a barrel fell by $2.Vodafone also enjoyed much of the trading today, to close 2.5p or 1.82% higher to 140p.
In the US, all three indices are making gains on the back of the falling oil price.
The Dow Jones is currently up 47 points or 0,44% to 10,865, climbing even further than yesterday’s 3 ½ year high. The S&P 500 index is also up 4.2 points or 0.35% to 1,209 while the Nasdaq is up 5.8 points or 0.27% to 2,156.IFAonline
The aviation sector's constant evaluation of errors in order to improve safety should be applied to defined benefit (DB) schemes, as too many are repeating the same mistakes again and again, research has shown.
IA sectors – help or hindrance?
Despite multiple complaints
Annuity market worth £4bn in 2017
For ‘distress’ caused