Standard Life has already seen gains on its share value since entering the FTSE 100 index this morning but elsewhere trading is down as oil stocks are seeing values reverse last week's gains.
The FTSE 100 index is down 26.6 points or .45% to 5,862.3, led by BHP Billiton and Rio Tinto which have fallen 6p and 5p to £10.54 and £28.55 respectively. The oil price has slipped slightly on the back of news suggesting a deal over Iran’s nuclear development has been negotiated, shifting BP down 9.5p or 1.5% to 638p and causing Shell to fall 21p or 1.1p to £18.31. By contrast, Standard Life has seen its share price rise 5% from its IPO of 230p to hit 243p at 9.45am, boosting rival insurer Friends Provident a fraction to 180.25p but Aviva is still down 1p or 0.14% to 724p along with Prud...
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