Insurers rallied on Friday following speculation over bid interest in Aviva's general insurance business.
Reports More Than insurer RSA approached its rival with an estimated £5bn offer for its GI propositions in the UK and other markets saw Aviva shares advance almost 4.3% in early trading.
According to Sky News, the Aviva board immediately rejected the offer and no discussions are currently taking place between the companies.
But the speculation has also boosted Legal & General, up 3% to 91p, Standard Life, up 2.55% to 209p, and Prudential, up 2.44% to 567p.
The biggest rise in the FTSE 100 came from TUI Travel, which advanced 5% to 203p after Goldman Sachs upgraded the stock to buy.
London's leading index opened 40 points higher on Friday as positive economic news from Germany and France buoyed investors.
Shortly after 10am, the FTSE had advanced more than 35 points, or 0.68%, to 5,301.
Second-quarter GDP data published earlier today showed the German economy grew at its fastest pace since reunification in 1990, jumping 2.2% from Q1. Elsewhere, French GDP rose a better-than-expected 0.6%.
On Wall Street Thursday, stocks fell for a third day in succession as disappointing US jobs data also sent jitters across the market. The Dow Jones Industrial Average dropped 0.6% to 10,319.95.
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created