Man Group PLCMan Group reported a larger-than-expected increase in assets under management for the first half, sending shares to their highest since 2010.
The London stock market closed higher on Tuesday, with the FTSE 100 index ending at 10,871.02 points, up 89.27 points or 0.83%, supported by consumer goods stocks that rose on strong earnings. Unilever led the gains, surging 8.58%, its biggest daily jump in four years, after the company raised its full-year outlook and reported its strongest quarterly volume growth in over a decade. Man Group shares hit their highest level since 2010 during the session before paring gains, after reporting a larger-than-expected increase in assets under management for the first half. Energy stocks fell 1.43%, the most among sectors, as oil prices dropped on hopes of easing tensions between the US and Iran. Banking stocks declined 1.37%, with Barclays sliding 4.79% despite reporting first-half profit above expectations, suggesting investors may have already priced in the positive news.
Man Group PLCMan Group reported a larger-than-expected increase in assets under management for the first half, sending shares to their highest since 2010.
Barclays PLCBarclays slid 4.79% despite reporting first-half profit above expectations, suggesting the positive news was already priced in.
Unilever raised its full-year outlook and reported strongest quarterly volume growth in over a decade, driving shares up 8.58%.