Investec (INVP.L) was the biggest riser in morning  trading (1023) after the bank was lifted by its final results for the year to 31 March 2011.

The bank revealed operating pre-tax profit of £434.4 million for the full, year a 0.5 per cent rise on the previous year's £432.2 million.

The banking group reported 'strong growth in operating profit' in five of its six divisions, and was buoyed by a particularly strong showing in is wealth and asset management divisions.

It revealed total third party assets under management increased by 20 per cent to £88.9 billion and a 53.5 per cent rise in operating profit £167.7 million.

Bernard Kantor, managing director of Investec, said, 'We have sought to realign the business model and grow revenues from less capital intensive activities.

'This strategy is paying off and we are developing the right balance of businesses for the long-term.'

Broadcaster ITV (ITV.L) saw its share price rise 4.1 per cent to 69.75p, while oil and gas services company Petrofac (PFC.L) rose 3.7 per cent to 1,526p.

Insurance company Resolution (RSL.L) saw its share price up 3.1 per cent to 309.83p, while Barclays (BARC.L) has added 2.9 per cent, rising to 275.55p

The biggest faller is Invensys (ISYS.L) after dropping 3.8 per cent to 297.7p, despite reporting a 6 per cent rise in operating profits for the year ended 31 March of £262 million.

Intertek (ITRK.L) shed 2.9 per cent to 1,940p, while Autonomy (AU.L) dropped 2.1 per cent to 1,772p.

Essar Energy (ESSR.L) fell 1.2 per cent to 433.2p, while luxury goods company Burberry Group (BRBY.L) dropped 0.8 per cent to 1,330p. 

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