Greenspan turns FTSE to winning ways

clock

Shares in the UK rose strongly this afternoon after Federal Reserve chairman Alan Greenspan told Congress that US economic growth is strengthening.

The FTSE gained 10.7 points to 4,507.5, led by Aviva, which reported preliminary full-year results. The insurer gained 18.75p to 561.25p after at one point gaining nearly 30p in heavy trading sparked by a rising dividend payout. Royal & Sun Alliance added 2p to 105.5p, while Legal & General climbed 1.75p to 102.75p. BP led the oil majors up with a 3.75p rise to 425p. British Airways dropped 4.5p to 308p after competitor Lufthansa reported a full-year loss for 2003, sparked by large writedowns associated with a flight food catering business. Abbey is down 5p to 550p as investor...

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