Strong results from Prudential helped the FTSE to a gain of about 12 points to 4,300 this morning.
The insurer is up 8p to 441p after reporting a jump in profits to £314m from £76m in the same period last year, helped by a revamped sales strategy and stronger consumer demand for savings products. Aviva has followed suit, gaining 9.5p to 534p, while Royal & Sun Alliance is up 1.25p to 76.25p. L&G is up 1.25p to 94.25p. AstraZenica is up 33p to 2,413p after analysts at Citygroup upgraded their recommendation to ‘buy’. Reuters is down 11.25p to 311.75p after issuing a profits warning, stating revenues may not kickstart until 2006. British American Tobacco is down 19p to 824p ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
