Prudential had a bruising day after announcing it would need more financial help to develop for the future, but the FTSE 100 still had plenty to lift the spirits.
At close of business in London, the FTSE 100 index gained 28.6 points or 0.62% to 4,655 even though Prudential closed down 36p or 7.86% to 422p. Prudential announced it would seek new investment worth £1bn through a shareholder offering, to help finance regulatory financial requirements as well as help the firm develop for the future given it is still unable to fully sell its Egg online banking division. At the other end of the scale, Reuters had strong gains and closed up 27.5p or 8/51% to 350.5p. Sainsbury also gained 7p or 2.89% to 249p after today reporting it would lay off 700...
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