FTSE 100 ends week in positive fashion following GDP revision
FTSE 100 ends week in positive fashion following GDP revision
Friday 26th February 2010
The FTSE 100 ended the week in confident fashion after the revision of official figures revealed the British economy grew by 0.3 per cent in the final quarter of last year.At the close of play on Friday the London index stood at 5,354.52 – a rise of 76.30 points or 1.45 per cent.
The business services company Serco Group led the gains, soaring 6.14 per cent to 553.5p.
Aviva and Old Mutual also rose 4.64 per cent and 3.75 per cent respectively.
After announcing losses of £6.3 billion for 2009, Lloyds Banking Group suffered the biggest slump of the day, falling 4.37 per cent to 52.5p.
Royal Bank of Scotland, which announced loses of £3.6 billion on Thursday, slipped 1.85 per cent to 37.67p.
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