Morning Markets: Muted gain for FTSE on last day of quarter

clock

The UK's largest stocks struggled to make headway in the last session of the quarter despite a positive performance for financials and insurers.

The FTSE 100 added 10 points, or 0.2%, to 5,169.6, with Man Group dominating the gainers. The listed hedge fund firm leaped 6.2% after it reported a jump in funds under management as a result of slowing redemption rates and positive investment performance. Insurers were also in favour as Legal & General and Aviva continued to benefit from takeover talk. Both names have kept cropping up as potential targets for Clive Cowdery, whose takeover vehicle Resolution swooped on Friends Provident in the summer. Legal & General rose 5.74%, while Aviva gained 3.85%. Overnight, Wall Stree...

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 Economics / Markets

Five years on from Covid: What's next for markets?

Five years on from Covid: What's next for markets?

It is now five years since the start of the UK’s Covid lockdown. Since then, we have seen considerable market and geopolitical-related change. Here, William Marshall looks back over the past five years and also explores what we might expect from markets...

William Marshall
clock 06 May 2025 • 4 min read
Gilt yields fall after Donald Trump backs down in 'tariff war'

Gilt yields fall after Donald Trump backs down in 'tariff war'

US president pauses most additional tariffs

Jonathan Stapleton
clock 10 April 2025 • 2 min read
Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read