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 c...
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