FTSE100 up on GDP figures

FTSE100 up on GDP figures

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Wednesday, 25, Nov 2009 05:44

The FTSE 100 ended Wednesday up over 40 points on the back of improved UK GDP figures.

Data this morning from the Office of National Statistics showed the economy shrank by 0.3 per cent in the three months through September, an upward revision of 0.1 per cent from the 0.4 per cent originally stated.

The London index finished the day on 5,364.81 - a rise of 0.77 per cent.

Leading the gains was the catering company Compass Group after reports annual profits had risen by more than a third.

The company ended the day up 6.12 per cent to 426,60p.

Hedge fund manager Man Group led the drops, down 17p, 4.89 per cent, to 330.5p, dented by turning ex-dividend.