Financial firms play on FTSE

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The FTSE 100 index continues its steady increase by adding a further 8.7 points to 5372.4 points this morning, paced by Old Mutual.

The South African-based financial services firm has climbed 3.5p higher to 134.25p, after it more than doubled its first-half profit, aided by higher earnings at its Nedbank Group. Futures broker Man Group has picked up 39p to £16.65, after reporting a 1% increase in the value of its key AHL fund. Aviva, meanwhile, has also added 10.5p to 653.5p, after a stock rating increase as analysts expect higher earnings from the insurer tomorrow. On the losing end, Lloyds TSB has dropped 7p to 475.75p, after analysts downgraded its stock value from underweight from neutral. HBOS has also sli...

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