Man Group helps FTSE 100 continue its steady rise

Man Group helps FTSE 100 continue its steady rise
Man Group helps FTSE 100 continue its steady rise
 

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Wednesday, 17, Feb 2010 10:17

The investment management business Man Group helped the FTSE 100 record impressive gains in early trading on Wednesday morning.

At 10:04 GMT the London index stood at 5,284.16, a rise of 40.10 points or 0.76 per cent.

Man Group led the gains, up 7.02 per cent to 243.8p, on the back of speculation in the city of takeover interest from US fund group BlackRock.

Barclays also continued its impressive performance today after announcing profits of over £11 billion last year on Tuesday. The banking giant rose 3.66 per cent in early trading, up to 304.5p.

Scottish and Southern Energy suffered the worst slump in the first hour of trading, dropping 2.28 per cent.

BP and Rexam also fell 1.48 per cent and 1.38 per cent respectively.

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