{"id":116033,"date":"2021-06-08T08:11:12","date_gmt":"2021-06-08T08:11:12","guid":{"rendered":"https:\/\/fin2me.com\/?p=116033"},"modified":"2021-06-08T08:11:12","modified_gmt":"2021-06-08T08:11:12","slug":"strong-earnings-aviva-pull-ftse-100-higher","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/strong-earnings-aviva-pull-ftse-100-higher\/","title":{"rendered":"Strong earnings, Aviva pull FTSE 100 higher"},"content":{"rendered":"
FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. REUTERS\/Suzanne Plunkett\/File Photo<\/figcaption>

(Reuters) – London\u2019s FTSE 100 index edged higher on Tuesday, helped by positive earnings updates from Intermediate Capital Group and British American Tobacco, while Aviva gained after an activist investor built a stake.<\/p>\n

The blue-chip index rose 0.1%. Intermediate Capital Group added 5.1%, after the alternative asset manager posted a 19% jump in its annual third-party assets under management (AUM) as COVID-19 vaccinations and government support measures boosted investor sentiment.<\/p>\n

British American Tobacco rose 2%, after it raised its annual revenue growth forecast to more than 5% at constant currency as the cigarette maker\u2019s focus on newer products like e-cigarettes and tobacco-heating devices pays off.<\/p>\n

However, gains were limited on the FTSE 100 by a fall in heavyweight oil majors BP and Royal Dutch Shell on the back of lower crude prices. [O\/R]<\/p>\n

The domestically focused mid-cap FTSE 250 index advanced 0.2%.<\/p>\n

Aviva gained 2.6% after activist investor Cevian Capital took a 4.95% stake in the British insurer and said the company should be able to return 5 billion pounds ($7.08 billion) of excess capital in 2022.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. 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