In the UK the FTSE 100 Index has hit the 5,300 mark, adding a further 18 points this morning, led by Amvescap.
The mutual fund company has picked up 9.75p to 422.50p and is reported to be in a takeover bid by US business CI Fund Management, which, according to Sunday papers, has appointed investment banking and legal advisers for the deal. Shell continues to climb, with its ordinary A shares reaching 30p higher to 1777p, along with its B shares up 28p to 1834p this morning. Royal & Sun Alliance shed 2.75p to 88p, along with a host of mining firms including Xstrata down 19p to 1,191p, Rio Tinto, down 20p to 1876p and BHP Billiton losing 8p to 798.50p. Sunday papers reported General Motors as se...
To continue reading this article...
Join Professional Adviser for free
- 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