FTSE 100

EUROPEAN INCOME

Aviva and Aberdeen Asset Management sat atop the FTSE 100 leaderboard on Thursday morning but the wider market remained subdued.

Supermarket giant Tesco led the FTSE 100 lower this morning after revealing its profits had dropped off sharply.

Tesco, the UK's biggest supermarket chain, has reported a drop in profits of 23.5% in the first half of its financial year.

STRUCTURED PRODUCTS

The FTSE 100 index was in the red just after midday, dragged down by mining stocks which sold-off as oil and metals prices weakened.

The year-long stock market rally faltered over the summer, its progress derailed by concerns about the Federal Reserve's intentions to tighten monetary policy.

iShares has streamlined its European ETF range and significantly reduced fees on a range of funds following the acquisition of Credit Suisse's ETF arm earlier this year.

The FTSE has jumped as much as 1.5% after the US Federal Reserve came yesterday indicated it has no plans to cut back on its quantitative easing programme at present.

The FTSE 100 will soar past its record high to reach 8,000 by the end of 2014, according to analysts at Citigroup.