Stock Futures

Friends Provident shares rise after asset management sale Friends Provident shares rise after asset management sale

City welcomes news that Friends Provident has completed the demerger of F&C Asset Management Friends Provident was in demand in early trading after finally offloading its asset management arm, F&C Asset Management. Shares in Friends led the FTSE 100, up 2.8% at 63.2p, after it announced it was handing its 52% stake in F&C to its shareholders.... [Read more of this review]

Reed Elsevier rallies amid the torpor | Graeme Wearden Reed Elsevier rallies amid the torpor | Graeme Wearden

City traders see value in information provider, but Independence Day and tennis action loom Reed Elsevier is enjoying a healthy rally on an otherwise listless Friday, with traders piling in following the recent slide in its share price. Shares in the publisher and information provider rose by 3.5% this morning to 455p, up 15.25p, making it the biggest... [Read more of this review]

Lloyds lifted as banks end week on positive note Lloyds lifted as banks end week on positive note

Banks were among the leading risers in a quiet market, with Lloyds Banking Group lifted 1.6p to 67.5p by recommendations from Cazenove and UBS. Caz said the bank was likely to benefit from early signs of recovery in the housing market, while UBS issued a buy note with a 107p price target. UBS said: “We think the market is underestimating how... [Read more of this review]

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