06/03/14 Market Movements
The FTSE closed UP 13.07 points at 6,788.49 encouraged by updates from as Aviva and Aggreko. However, the lack of action by the European Central Bank with regards to boosting lending and uncertainty over Ukraine held back further gains.
Aviva was the biggest climber of the day (up 8%) after announcing a rise in operating profit of 6% in 2013 and also stating that it was proposing a final dividend of 9.4 pence per share.
Aggreko (the world’s biggest temporary power provider) climbed 3.5% after saying it would return £200 million to shareholders. Despite Aggreko’s profit reducing 8% in 2013 compared to 2012, The company said it was the right time to supplement the ordinary dividend.
Despite the positives, events in Ukraine held back the FTSE100 after the Crimean parliament raised further tension after asking Moscow to allow the southern Ukrainian region to become part of the Russian Federation.
CAT stock is currently up 1.62% at $97.91
Aviva climbed 8% as mentioned above. The stock is now 18% above its TSP (425p) at 504p.