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The FTSE 100 was called to open around 90 points higher to just over 8,300.
US markets are rallying now
ABDN is looking very strong as well
FTSE 100 live: Stocks at record over 8,200; US job growth slows
Something is up here ,it is up over 6% now
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EMG • LON
Man Group PLC
GBX 268.20
1.98%
+5.20 Today
up and away
FTSE 100 is heading for another record this morning according to the financial spread betters after Apple helped steady Wall Street overnight.
On Thursday, London's blue-chip index closed at a new record high of 8,172, up 51, and Footsie was being tipped to add 20 points at the opening bell
A solid update from Intercontinental Hotels Group should help the mood. Spirits giant Diageo might also perk up with the appointment of a new finance head.
Deutsche Bank starts Man Group with 'buy' - price target 315 pence
"It has been a very strong start to the year, with revenues growing 10% (...) and we are well on track to meet all our targets for the year, including a return on tangible equity of 16%," Executive Chair Ana Botin said in a statement.
FTSE 100 futures contracts have the index swimming to another record high this Friday in what has been a resoundingly strong week for equity and company earnings.
The index closed at the third record peak for the week of 8,079 yesterday, and it is tipped to open another 71 points higher to 8,150 today.
What not to like ,
Like other UK banks, Lloyds' profits were boosted by the increase in interest rates over the past couple of years, which have allowed lenders to charge more on loans.
For the whole of 2023, Lloyds' pre-tax profits jumped to £7.5bn, which was higher than expected and up 57% on 2022.
Key highlights
- AUMA growth of 3% to £507.7bn reflecting stronger markets and positive net flows
- Continued organic growth in interactive investor, with customer numbers up to 414k
- Actions underway to address outflows in Adviser and equities
- Implementation of cost transformation on track