FTSE 100 up on Wednesday, as markets calm on coalition deal

FTSE 100 up on Wednesday as markets calm after coalition deal is reached
FTSE 100 up on Wednesday as markets calm after coalition deal is reached
 
 

Wednesday, 12, May 2010 06:05

By Sarah Garrod.

The FTSE 100 closed up on Wednesday, as news of a coalition government quashed investor woes after almost a week of uncertainty.

The UK's leading shares index had a mixed day, but finally finished up 0.92 per cent, adding 49.24 points to reach 5,383.45.

Travel firms were the top two winners as the volcanic ash cloud stayed out of the headlines today; TUI travel led gaining 6.47 per cent and Thomas Cook Group gained 5.98 per cent.

Some banks were among the losers, including Royal Bank of Scotland, down 3.2 per cent, while Lloyds Banking Group shed 1.31 per cent.

Beleaguered oil giant BP - currently trying to clean-up a huge spill in the Gulf of Mexico - shed 0.71 per cent.

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