The FTSE has made steady gains in afternoon trading as London shares were buoyed by the Dow's positive start to trading and concerns over the EU debt fallout subsided.
As at 15.45 UK time, the FTSE was up 1.05%, or 55 points, to 5317, with investor nerves steadying as Greece received the first trance of its €110m bail-out package and EU ministers meet in Brussels to discuss the economic fallout. Man Group, after announcing yesterday it is bidding for GLG partners, is leading the pack, up 8.22%, and British Land is up 3.95% after reporting strong annual figures. Prudential meanwhile, down 7%, tops the day's losers following the announcement of its £14.5bn record rights issue to part-fund the purchase of AIG's Asian business. Investors remain sceptica...
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