Schroders helps push FTSE higher

Following strong starts this morning, Schroders and Sainsbury managed to remain in the top five winners, climbing 3.23% and 3.07% respectively. Admiral Group led the way, up 4.12%. Schroders is riding high following reports its €123m ISF Pacific Equity fund is coming under new management, while Sainsbury has benefited from positive sentiment regarding the sector after Credit Suisse upgraded WM Morrison to outperform and raised its price target. However, other food names did not perform as strongly. Among the day’s biggest losers were Marks & Spencer Group - dropping by 3.73% - whose food ...