City report.HEAVILY-WEIGHTED banks and mining firms helped the London market surge almost 2%ahead yesterday with strong results and higher copper prices boosting investor confidence. The FTSE 100 Index FTSE 100 Index A market-weighted index of the 100 leading companies traded in Great Britain on the London Stock Exchange. The Financial Times closed up 119.7 points at 6308.8, despite falls in early trading on Wall Street after US productivity figures missed expectations. In London, stocks powered ahead, with investors picking up bargains after recent falls on the Footsie and blue chips receiving a boost from impressive results from the likes of banking group Standard Chartered. Asian-facing Standard Chartered rose 4%, or 68p, to 1638p, after it posted a 30%rise in first half pre-tax profits. Royal Bank of Scotland
The Royal Bank of Scotland Plc (Scottish Gaelic: Banca Rìoghail na h-Alba lifted 20p to 589.5p and Northern Rock was 19p ahead at 779p. Insurance firms were also on the front foot after Standard Life reported better-than-expected interim sales figures sales figures npl → cifras fpl de ventas , with life and pension business in the UK up 45% to pounds 6.95bn. Shares rose 11p to 326p. Fellow insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. Prudential Prudential is the name of two different companies and buildings named after them: Companies:
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