The group based in Edinburgh was one of the most significant risers of the market through the index of blue chip after reporting a peak of 25pc in the first quarter, sales of £ 5 MD, beating the forecasts of analysts of £ 4 9bn. The news was well received by analysts and investors, with shares of the insurer having fallen heavily since it announced its results for the fiscal year in March.
The shares reached 7 p 226.1 despite the horns of Barrie, analyst at Panmure Gordon, maintain a prudent "hold" recommendation.
"Standard Life shares have recovered slightly in the fall of 18pc they suffered in the week following the preliminary results of the company in March." Think of the investment of time increased and lower than the generation of frightened investors provided cash and we that the price of shares remains relatively vulnerable to any disappointment. »
Better results than expected, standard life have shaken in any sector of the insurance with Legal & General advancing 3.4 to 122.8 p, old mutual addition of 2.4 to 139 p, Admiral up to 27% to £ 16.92, Prudential 11½ higher 773 p and Aviva 446.8 p 4.8 improvement.
Sector rally is one of the few highlights of a quiet trading day through the FTSE 100, which closed 1.74 points more to 6,069.90 after a promising start saw it edge over its 11 2010 high close of 6,091.33. However, the wider FTSE 250 gained 118.86 at 12,013.88.
David Jones, Chief of IG Index market strategist, said: "looking at the coverage of the royal marriage, it is difficult to believe that there were many merchants of the city among the crowd waiting for Westminster Abbey for the big day out." However, judging by the performance of the market, it seems clear that few were in their offices.
"With London value will remain closed for two days when Frankfurt and New York are booming, is perhaps no surprise that many investors were all simply happy to take money off the table and batten down the hatches in the short term.".
Far from insurance, broadcaster ITV recovered some of the losses made Wednesday following a downgrade by Barclays Capital, 3.3 mounted 76.05 p. International Power was another beneficiary of strong quarterly sales, reaching 10½ 330.6 p, as it was advertising group WPPwho has won 22 to 781½p after raising its Outlook for the year. Furthermore, GlaxoSmithKline reached 19 p £ 13.05½ after upgrades of Natixis and Nomura.
British food associated with some of the losses he also Wednesday after Investec raised its rating of the company "buy" recovered "hold." Shares in the group, which is owner of Primark and the mark of advanced Silver Spoon sugar 23 p £ 10.07.
"With the actions off FP6 (Wednesday) and forecasts being reset to take account of commercial in Primark realities, we think that a portal is yet once opened in the history of ABF sugars, which we remain positive.""," Added Investec. "Our target price rises accordingly 1150p and return us to a recommendation to purchase."
At the other end of the scale, the Premier Inn and café Costa Whitbread operator fall 57 p to £ 16.80 weighed by downbeat comments on the prospects of its Chief Executive, despite forecast-beating results. Despite this, Nigel Parson, analyst of evolution, said: "three planks of our buy recommendation are still valid: a proposal for a high value resulting over the results of the consensus;" a strong balance sheet which will now be to redouble its efforts to drive more rapid growth and an assessment that is even more attractive to the drab performance of the stock this year. »
Barclays falls 5.2 percent 282.3 after a series of broker downgrades. Among these, RBS has lowered its price target on the shore at 350 p 410 p.
"Results of the first quarter of Barclays (Wednesday) reflects the obvious trends across the UK banking sector in the second half of 2010." There was significant progress in balance sheet, the P & L disappointed. We continue to expect the momentum P & L to return to the medium term, which, once delivered should lead a sharp re-rating, in the price of the shares "RBS added, to maintain its rating to buy stock."
Other losers included Unilever, down 48 p to £ 19.42 after a trading update showed growth was lagging its peers and AstraZeneca, down 107½p at £ 29.90 after sales in the first quarter missed consensus estimates.
Among the mid caps, shares of group Yell edged up to ½ percent 7.13 on news that the Publisher of yellow pages who have difficulties had made an early repayment of debt agreement of refinancing of 2009. Yell, which is fighting against the competition of a host of new competitors online, said that she had paid down 139 m £ a value of the debt over the past five weeks.
Shares of Croda, the Group of chemicals that sunscreen for Nivea, also increased 108% to £ 18.81 after the company posted profits before tax of 40 2pc in the first quarter. Croda is £ 60. 7 m, while total sales increased by 13 2pc at £ 277. 9 Mr. results beat Analyst estimates, after the Group of chemicals increases in material prices to its customers first.
McBride, large manufacturer Europe of retailers own brand products of cleaning, closed unchanged at 134½p, after hitting 127 p, after the company warned that increased continues raw material prices to reduce a further £ 5 m of its profits throughout the year.
The group, which supplies companies such as Tesco and Carrefour with goods ranging from deodorant dishwasher tablets, said that he would take measures, including the increase in prices, to recover the cost of materials such as plastics and vegetable oil.
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