Home / Business / FTSE higher as insurance shares rise

FTSE higher as insurance shares rise

Market trader (file picture)

Image copyright
Getty Images

(Open): The FTSE 100 opened higher as trading resumed after the bank holiday weekend, with insurance shares helping to lift the index.

The FTSE 100 was up 40.33 points, or 0.7%, at 6,146.81.

Shares in RSA Insurance rose 2.3% to 477.90p after both Barclays and Deutsche Bank raised their price targets for the stock.

Other insurers also rose, with shares in Prudential rising 2.6% and Standard Life up 1.9%.

Mining stocks slipped, with BHP Billiton down 2.6% and Anglo American 2.4% lower.

On the currency markets, the pound rose nearly a cent against the dollar to $1.4231, and climbed 0.5% against the euro to €1.2728.

All copyrights for this article are reserved to bbc business

Check Also

Credit Suisse bosses offer to cut their own bonuses by 40%

Image copyright Getty Images Image caption Credit Suisse CEO Tidjane Thiam also offered to cut ...