Wealth managers boost FTSE

Healthy gains for Man Group, Investec, Barclays, Legal & General and Old Mutual pushed the index marginally into the black after earlier dropping more than 22 points. Shortly after 8.30am, the FTSE had advanced more than five points, or 0.15%, to 3,547, almost 100 points higher than Monday's bottom level. Alternative investment manager Man Group spearheaded the charge after it was upped two notches to buy at Citi. It advanced more than 7% in early trading. Elsewhere Investec advanced 6.89% while Old Mutual was approaching a 6.5% gain. Commercial property firm Land Securities topped ...