Revised GDP causes FTSE 100 to rise

Tuesday 22nd December 2009

The FTSE 100 appeared unaffected by the severe weather affecting the majority of the country on Tuesday morning opening strongly in early trading.

At 09:44 GMT the London index stood at 5,326.75, a rise of 32.76 points, or 0.62 per cent.

The strong opening came as official figures showed the UK economy only shrank by 0.2 per cent in the period between July and September, compared to 0.3 per cent originally stated.

Leading the gains was Royal Dutch Shell, up 48 points. 2.79 per cent, to 1,744.64p.

Invensys was also up around 2.3 per cent to 194.3p.

The biggest losers in early trading included Legal and General Group (down 2.26 per cent to 75.70p) and Aggreko (down 13 points to 873.4p).

The FTSE 100 added almost two per cent on Monday evening with the London index performing strongly in the lead-up to Christmas. ADNFCR-1783-ID-19524887-ADNFCR

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