The FTSE 100 index is up about 4 points to 4,407 after investors came back to the market on news of higher profits and value in the property and drinks making sectors.
Land Securities, the UK’s biggest property developer, is up 21p to 1,071p after reporting the value of its assets jumped more than 9% on the back of increased interest in property investments last year. Schroders non-voting shares are up 9.5p to 529.5p after the company reported growing amounts of retail investor money being put into its funds, despite net outflows caused by institutions withdrawing money mostly linked to pension funds. Yell, the yellow pages publisher spun off from BT, is up 5.25p to 308.75p after reporting a 62% rise in fourth quarter profits. BP is down 6.75p t...
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
