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View the article online at http://citywire.co.uk/wealth-manager/article/a757770

FTSE rallies on dovish Fed as Rolls-Royce pleases

by Gavin Lumsden on Jun 19, 2014 at 11:15

House builder Barratt Developments (BDEV) and fund manager Aberdeen Asset Management (ADN) reflected the buoyant mood with gains of 2.6% and 2.3% to 354.5p and 445p.

Lloyds Banking Group (LLOY) was unchanged at 77.7p as reports suggested it planned to float 35% of its TSB banking unit, more than the 25% originally mooted.

The ‘mid cap’ FTSE 250 gained 0.9% to 15,754, lead by a 7.8% rise to 939p in fashion retailer Supergroup (SGP).

Xaar (XAR) recouped some of this week’s losses, up 4% to 521p, after the profits warning on Monday hit shares in the maker of ink-jet printers.

Micro Focus International (MCRO) gained 5.75% to 882.5p as analysts raised their price targets for the software provider after its full-year results.

Caledonia Investments (CLDN ), the global investment fund that looks after the money of the Cayzer shipping dynasty, gained 3.7% to £22.20.

Electra Private Equity (ELTA ) rose 14p or 0.5% to £27.09 after investing £82 million in Ogier Fiduciary Services, capping off a busy six-month period of deals for the investment trust.
 

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