Friends Provident shares surged this morning on confirmation Resolution is interested in buying the company. But despite a strong showing from the insurer, the FTSE 100 was down early, 14 points (0.3%) to 4,113 from opening. As well as top performing Friends, up 5.13% to 63p, fellow financial stocks Old Mutual, Man Group and Standard Life were top five risers, up 1.76% to 76p, 1.45% to £2.45 and 1.21% to £1.75, respectively. Lloyds Group fell 3.1% to 61p on the news it is poised to write off £13bn in bad debt to businesses and homeowners. Mining stocks again started the week poo...
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