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Separately, insurance companies are demanding price cuts on reinsurance after relatively low payouts for natural catastrophes last year helped reinsurers postbumper results.
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Freedom Group itself has postedbumper profits so far this year.
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Freedom Group has postedbumper profits so far this year.
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Private equity firms are postingbumper profit thanks to red-hot capital markets that allow them to sell companies for top dollar.
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The charge was led in early trade by Abbey, which was treated to a round of upgrades after postingbumper results.
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Kingspan postedbumper first-half results yesterday, sending its shares nearly 9 per cent higher and prompting a round of analyst upgrades.
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That puts it at odd with rivals who have postedbumper profits in recent months as housing demand outstrips supply across much of Britain.
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Barclays reported on Thursday a better-than-expected profit before tax of 6.2 billion pounds for 2019, as its investment bank postedbumper returns from fixed-income trading.