News that NatWest plans to acquire Legal & General prompted investors to start guessing which insurer was the next bid target. Norwich Union, CGU, and Prudential all rose as much as 5.4 per cent. Market Report, page 21
Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here.
LEADING SHARES closed 2.2 per cent higher, buoyed by weaker-than- expected US jobs data and as insurance stocks surged on hopes of takeover and merger action. The FTSE 100 closed up 136.5 points at 6,332.1. The FTSE 250 closed at a record high of 6,122.4 as computer stocks extended gains