Legal & General leads declines among insurers

Most European equities markets were higher Monday after last week’s declines on concerns about the economies of several nations in the region.

The FTSE 100 added 0.62 percent to 5,092.33 in London, but the FTSE 250 was down 0.28 percent to 9,010.37.

Insurers were mixed, with Legal & General Group (LSE: LGEN) leading declines in the sector and on the 100 with a drop of 3.52 percent, while Aviva (LSE: AV) was down 2.57 percent and Prudential (LSE: PRU) fell 2.44 percent.

Inter-dealer money brokers saw gains on the day as Tullett Prebon (LSE: TLPR) added 3.82 percent on the 250 and ICAP (LSE: IAP) gained 3.3 percent on the 100.

The three biggest gainers on the 100 all came from the mining sector, led by Randgold Resources (LSE: RRS) with a gain of 6.44 percent and followed by Fresnillo (LSE: FRES), which added 5.3 percent while Xstrata (LSE: XTA) was up 3.56 percent.

The best performer on the 250 was Ecofin Water & Power Opportunities (LSE: ECW), as the investment trust specializing in utilities …

Read the original article at Fnancemarkets

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