Shares in Aviva PLC led the FTSE 100 index early Friday in London, after the Times reported on market rumours of takeover interest in the insurer.
Aviva was up 8.9% to 422.89 pence, giving it a.
The FTSE 100 was in the green at midday Friday, boosted by Aviva amid takeover rumours.
The FTSE 100 index was up 30.92 points, 0.4%, at 7,482.46. The FTSE 250 was up 130.77 points, 0.7%, at.
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LONDON MARKET CLOSE: Stocks Routed As Inflation Fears Lift Bond Yields
Fri, 26th Feb 2021 17:06
(Alliance News) - Stocks in London ended sharply lower on Friday as fears over a potential rise in inflation kept US bond yields elevated.
In bond markets, the yield on the 10-year US Treasury edged up to 1.51%, from 1.48% at the same time Thursday. It briefly moved past 1.6% on Thursday - its highest level in over a year amid expectations for higher economic growth and inflation on the back of Covid-19 vaccine rollouts.
There is a worry that surging inflation could threaten the rally in world markets, despite reassurances from Federal Reserve Chair Jerome Powell that US interest rates will not rise for the foreseeable future.