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FTSE rise continues despite Aviva slump

A hefty share fall for blue-chip insurer Aviva failed to hold back the rally on London's FTSE-100 Index as positive US jobs data boosted sentiment.

The life and pensions firm dropped 13%, wiping around £1.5 billion off its value, after chief executive Mark Wilson announced a 44% cut in its full-year dividend to 9p a share.

However, figures showing a fall in claims for unemployment benefits in America helped the wider FTSE maintain its recent ascent to close 11.5 points higher at 6439.2.

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