FTSE rises on Pru takeover rumours

clock

The FTSE 100 has ended the day up 41 points, or 0.7%, to 5,929.3 led by strong performances from miners and life insurers.

Rising metal prices sent miners higher through the afternoon, with Vedanta resources ending 2.56% higher at 1,360p, while Anglo American added 2.28% to 2,332p and Kazakhmys gained 2.05% to end the day at 1,243p. Meanwhile life insurers were buoyed by talk of a bid for Prudential from rival Aviva, causing Legal & General and Old Mutual to rise in sympathy. Prudential added 2.59% to 593.5p, Aviva gained 0.74% to 744.5p, while L&G increased by 1.71% to 133.5p and Old Mutual jumped 2.5% to 164p. But it was plumbing supplies firm Wolseley which topped the risers with gains of 4.22% to 1,13...

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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Darius McDermott: Defence in a fragmented world

Darius McDermott: Defence in a fragmented world

'It is clear that the world has changed and government spending is being redeployed'

Darius McDermott
clock 01 May 2026 • 4 min read
Canaccord Wealth launches crypto exposure offering to high-net-worth clients

Canaccord Wealth launches crypto exposure offering to high-net-worth clients

For risk profile 7+ portfolios

clock 29 April 2026 • 1 min read
RBC Brewin Dolphin adds to Voyager range with passive funds

RBC Brewin Dolphin adds to Voyager range with passive funds

With six risk options

Patrick Brusnahan
clock 27 April 2026 • 1 min read