Most FTSE 100 stocks made gains this morning, helping the index gain about 50 points to 6,240.
Hotels group Intercontinental leads the gainers with a 66p rise to £12.83. Speculation is rife the company is about to receive a takeover bid. Otherwise gains are spread across the sectors, with just eight stocks falling on the market. Vedanta Resources leads the miners, with a 28p gain to £11.83. British Land is up 38p to £16.98. SAB Miller, the brewing company, is up 24p to £11.90. BAT, the cigarette maker, is up 25p to £14.49. However, financials are among the bigger losers. L&G is down 1.25p to 157p. Friends Provident is down 1.5p to 217.50p. Prudential is down 1.5p to 705...
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