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FTSE 100 rises but insurers down | |
(about 4 hours later) | |
(Noon): London's shares rose in Friday morning trading as investors looked ahead to US jobs figures due out later. | |
Economists expect US non-farm payroll data to show healthy job creation, adding to evidence of robust economic performance. | Economists expect US non-farm payroll data to show healthy job creation, adding to evidence of robust economic performance. |
In the opening minutes, the benchmark FTSE 100 index went up by 35.82 points or 0.55% to 6,586.97. | |
But the upward trend failed to boost insurers RSA and Admiral, which fell 2.1% and 1.9% respectively. | |
Car insurance firm Admiral suffered a downturn after reporting that its third-quarter turnover was down 3% from a year earlier, while RSA was hit by a broker downgrade. | |
On the winning side, three of the top five gainers were mining firms. Fresnillo, Glencore and Anglo American were up by 3.15%, 2.46% and 2.45% respectively. | |
Outside the 100-share index, interdealer broker Tullett Prebon was down 5.2% after reporting a 4% revenue drop in July-to-October period. | |
On the currency markets, the pound was slightly down against the dollar at $1.5823, but 0.2% lower against the euro to €1.2767. |