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FTSE 100 sticks around six-week high

Old Mutual shares jumped 4% after it announced a management buyout of part of its funds business, backed by TA Associates

FTSE 100 sticks around six-week high

UK stocks edged higher Tuesday, as continued optimism over US tax cuts helped British blue-chips extend gains and trade at six-week highs, MarketWatch reports.

How markets are moving: The FTSE 100 index rose 0.2% to 7,550.82, with utility and consumer services groups leading advancers. But the healthcare and tech sectors were in the red. The London benchmark on Monday rose 0.6%, but underperformed stronger gains across Europe as the pound strengthened against the dollar and other rivals.

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