FTSE rises on shares boost for Next and Standard Chartered

London's leading index was 60 points higher in afternoon trading despite a slump in UK manufacturing data, as Next and Standard Chartered lifted the market.

The FTSE 100 was 1.02% higher at 5,693, lifted by strong performance from high street clothing chain Next, which was 7.33% higher this afternoon after the firm revised up its profit guidance for next year. Emerging markets focused bank Standard Chartered was also up 4.4% at £15.29 per share after a positive trading update showed better-than-expected interim profits. Shares in F&C were 1.19% lower after a sharp fall this morning when the group’s half-year results revealed falling AUM and redemptions by wealth manager clients. The uptick for the FTSE came despite the UK’s manufacturi...