The FTSE 100 index has ended the day up 34.4 points, or 0.59%, to 5,866.2, following takeover speculation and a good opening to Wall Street.
Fund manager Man Group added 2.41% to 436p, following media reports it is being looked at as a potential target by US investment bank Goldman Sachs, while Amvescap also gained 2.89% to 551.5p. Standard Chartered bank also performed well with gains of 2.8% to £13.57, although British Airways was the biggest winner with a rise of 4.04% to 437.75p on a combination of vague takeover chat and the falling price of US crude oil for November delivery. However, Bramble Industries was the biggest drag on the index with a fall of 5.29% to 448p, closely followed by miner Kazakhmys which slipped 3.9...
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