The FTSE 100 has managed to the close the week up and over the 4400 barrier, after Aviva reported full-year profits are likely to be higher than previous predictions.
The UK benchmark index closed up 18.3 points or 0.4% to 4402.7 and the FTSE All-Share index added 8.72 points or 0.4% to 2194, after Aviva suggested its full-year profits are expected to hit £1.9bn on the back of strong second-half performance and general insurance sales.
Aviva, the parent group behind Norwich Union, climbed 36.5p or 7.3% to 536p, boosting rival life insurers in turn.
Royal & Sun Alliance Insurance Group closed up 1.75p or 1.6% to 96p while Friends Provident gained 2.3% to 142.25p, Legal & General earned an extra 3.9% to 101p and Prudential lifted 1.3% to 492.25p by close of London trading.
Boots, the high street pharmacy chain, also gained 17p or 2.4% to 727.5p thanks to a ratings rise while Marks & Spencer rose 9p or 3.3% to 278.75p and EMI group hit a 16-month high of 238p thanks to an increased earnings forecast from analysts at Goldman Sachs.
Trading is also improved in the US today, as suggestions of an improving economy were lifted by the Fed’s jobs report.
The Standard & Poor's 500 index was up 9.5 points or 0.8% to 1138 by close of business in London while the Dow Jones gained 57.63 points or 0.6% to 10,553 and the Nasdaq rose 28.22 points or 1.4% to 2047.IFAonline
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Switching 'hard and expensive'
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