FTSE 100 movers: Financials rally post-Brexit; miners lose shine
Financials staged a recovery as the Brexit bashing of the stock market took pause with Prudential leading the way up 10%.
Legal & General shares jumped announced the appointment of a new group chairman on Tuesday, confirming former Whitehall mandarin John Kingman as taking the up the post.
The company added that its Solvency II surplus was £4.9bn and expect net cash for half year 2016 to be up 15% running an 'A minus' rated credit portfolio of £44.8bn.
Aviva and Hargreaves Lansdown were also sharply higher.
Housebuilders recovered from the initial shock of Britain’s vote to leave the European Union. Shares in Taylor Wimpey and British Land rose.
Miners were lower as the price of the gold fell after investors sought a safe haven in the two days since the UK voted to leave the EU.
Fresnillo and Randgold were both lower as a result.
Market Movers
FTSE 100 (UKX) 6,154.29 2.88%
FTSE 100 - Risers
Prudential (PRU) 1,225.00p 10.86%
Next (NXT) 4,812.00p 9.76%
Associated British Foods (ABF) 2,559.00p 8.89%
Land Securities Group (LAND) 990.50p 8.85%
Legal & General Group (LGEN) 177.80p 7.76%
British Land Company (BLND) 593.00p 7.52%
Hargreaves Lansdown (HL.) 1,134.00p 7.39%
Marks & Spencer Group (MKS) 306.20p 7.36%
Capita (CPI) 910.00p 7.25%
Aviva (AV.) 371.10p 7.19%
FTSE 100 - Fallers
Fresnillo (FRES) 1,417.00p -4.45%
Randgold Resources Ltd. (RRS) 7,845.00p -2.36%
Carnival (CCL) 3,247.00p -0.52%
Paddy Power Betfair (PPB) 8,055.00p -0.06%
Royal Dutch Shell 'B' (RDSB) 1,925.00p 0.13%
Rexam (REX) 642.00p 0.31%
Whitbread (WTB) 3,426.00p 0.35%
Kingfisher (KGF) 315.90p 0.38%
Royal Dutch Shell 'A' (RDSA) 1,916.50p 0.50%
SABMiller (SAB) 4,301.50p 0.55%