FTSE marches on

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In the UK the FTSE 100 Index has reached 5377.50 points at its close today, after adding a further 13.80 points, led by Man Group.

The futures broker advanced 61p to 1,687p, after reporting a 1% increase in the value of its key AHL fund. Retailer Kingfisher picked up 8.25p to 254p on further reports of a takeover, fuelled by the purchase of shares in the company by US investor Berkshire Hathaway. Hotel chain Hilton Group climbed 9.50p to 307.25p. Lloyds TSB meanwhile declined 8.75p to 474p after analysts downgraded the bank's stock to 'underweight' from 'neutral'. Financial news service provider Reuters retreated 4p to 366p along with Emap - down 8.50p to 835p. The latter completed the £155m sale of Score Press...

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