FTSE gains on BAE outcome

Following the announcement yesterday that the government is scrapping the Serious Fraud Office (SFO) investigation into how BAE Systems won contracts with Saudi Arabia, the defence firm is posting teh biggest gains and is up 5.85% to 420.5p. Prudential is also performing well with a rise of 2.3% to 711.5p, closely followed by British Land which is up 1.97% to £16.60, while Alliance & Leicester have added 1.52% to £11.35. However another insurer, Resolution, is leading the fallers with a drop of 1.24% to 639p, closely followed by Johnson Matthey which is down 1.05% to £14.16, while Corus...