Old Mutual topped the FTSE leaderboard on Wednesday as the index reversed heavy early losses.
The insurer advanced 4.4p, or 3.9%, to 117.2p after announcing a major shake-up of its management team. Following yesterday's 2.6% loss after ratings agency Standard & Poor's (S&P's) downgraded Greece's debt to ‘junk' status, the FTSE plunged a further 1%, or 50 points, earlier today. It has since climbed back to 5,600, down just 2.6 points. Skandia UK chief executive Nick Poyntz-Wright is stepping down from the role to be replaced by former Bankhall CEO and current Skandia UK chief development officer Peter Mann. Elsewhere, shares in BP and Royal Dutch Shell were up after both ene...
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