FTSE soars on Stan Life results

The investment firm, which has climbed 30p, or 13.71%, to 248.75p, has helped push the index up 83.3p, or 1.46%, to 5773.7 on the day of Alistair Darling’s first Budget. Old Mutual also sits near the summit of the winner’s table, climbing 5.6p, or 5.1%, to 115.3p, and is joined by BHP Billiton, Kazakhmys and the Royal Bank of Scotland (RBS) Group. However, FTSE gains are being stemmed by losses for HBOS, down 12.5p, or 2.12%, to 577p and Associated British Foods, down7p to 840p. Smith & Nephew, Land Securities Group and Kingfisher are also down after only less than three hour’s trading. ...