London blue chips off to a strong start despite tariff uncertainty

Date:

  • FTSE 100 up 35 points to 8,752
  • M&G jumps 6.6% on Dai-ichi Life tie-up

8.15am: Footsie off to a flying start

The FTSE 100 jumped 35 points at the open to 8,751.64, looking to end the week on the front foot despite the uncertainty that continues around President Trump’s tariffs on trading partners.

M&G led the gainers, jumping 6.6% on news of its strategic partnership with Japan’s Dai-ichi Life, which is expected to generate $6 billion (£4.5 billion) in business for the UK group over five years. 

Beazley PLC (LSE:BEZ) and Hiscox Ltd (LSE:HSX) are also near the top of the leaderboard with gains of more than 2% each. 

Miners are down this morning, with Anglo American PLC (LSE:AAL)Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF)Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) and Fresnillo PLC (LSE:FRES) all shedding over 1%.

7.55am: M&G forges Japanese partnership

M&G PLC (LSE:MNG) is tying up with…

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