The FTSE 100 Index added 0.29% to 6,104.30 points today, led by fund manager Amvescap.
Amvescap gained 8.71% to 624p as the fund manager reported a healthy increase in first quarter pre-tax profit to $171.7m versus $110.8m a year earlier. Legal & General added 0.53% to 142.25p after it reported its sales rose 27% in the first three months of 2006, boosted by strong growth in the UK. Sales rose to £390m compared with forecasts of about £340m. The news took Friends Provident up 2.30% to 199.75p, while Old Mutual added 2.71% to 199p, Aviva rose 1.18% to 812.50p and Royal & Sun Alliance gained 1.45% to 139.50p. In the US, the Dow Jones Industrial Average has risen 87.25 poin...
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