Strong growth reported by hedge fund operator Man Group and an improved bid for M&S have sent the FTSE up about 18 points to 4,388 so far today.
Man is up 81p to 1,437p after stating it has pulled in about $6bn from clients to its hedge funds so far this year, taking total funds under management towards the $40bn mark. Marks & Spencer jumped 19.25p or more than 5% to 379.75p after confirmation from Philip Green’s camp that the improved offer for the company now stands at £9.1bn. Sainsbury has gained 4.25p to 271.75p on continued speculation over a possible bid approach, and on rumours the company may try to block the £2.3m payment to ousted chairman Peter Davis. Vodafone lit up telecoms stocks with a 2.25p gain to 120p on n...
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