FTSE holds on Man Group

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The FTSE 100 index is trading virtually flat this morning, having risen just 0.7 points or less than 0.1%, to 6015.9 points, led by hedge fund company Man Group.

Man Group has jumped 4% to £24.92 on reports pretax profit exceeded analysts' estimates in the past 12 months, as client investments helped boost assets under management by $5bn. At the same time, however, Tate & Lyle has lost 1.4% to 571p, with Deutsche Bank AG cutting its price estimate on the shares by 8.3% to 550p. In Japan, the Nikkei 225 Stock Average ended almost flat, adding just 14.32 points or 0.1% to 17,059.66 points albeit nationwide consumer price increases added to evidence a more than seven-year bout of deflation is beaten. Mitsubishi UFJ added 20,000 yen, or 1.1%, t...

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