Money management firm Shroders provided the catalysts for a solid showing from the FTSE today.
The UK benchmark closed 14.30 points higher to 4,898.50 points a short while ago, boosted by Schroders, advancing 38.50p or 5.5% to 727p after reporting a pre-tax profit increase to £50.4m. Additionally, search engine Yell picked up 17.25p to 415p. The company has agreed to purchase TransWestern Holdings for $1.58bn, representing its largest US acquisition. British Airways also advanced 7.75p to 268.25p, while William Hill leads the drop, down 19p to 491.50p. Analysts reduced the betting firm’s stock rating after it announced yesterday it would purchase Stanley Leisure betting shops for ...
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