FTSE shares make gains (AFP)

November 25, 2010

LONDON (AFP) – London shares rose on Thursday as the leader of Europe’s largest economy sought to ease fears over the eurozone debt crisis.

The FTSE 100 index added 0.74 percent to finish at 5,698.93 points.

The index finished the day up after German Chancellor Angela Merkel insisted that stability in the 16-nation eurozone had improved despite Ireland’s struggle to resolve its financial crisis.

Lloyds Banking Group (LGB) was the most traded stock, seeing 83.1 million shares switch owners, followed by Royal Bank of Scotland which saw 70.1 million units change hands.

Capital Shopping Centres Group was the top blue-chip performer, adding 43.6 pence — or 12.9 percent — to end at 381 pence, followed by Hammerson Plc which rose 18.4 pence — or 4.75 percent — to finish at 405.8 pence.

Catering firm Compass Group led the fallers, shedding 18 pence — or 3.18 percent — to end at 548, followed by Essar Energy which was down 4.5 pence — or 0.89 percent — to finish at 502 pence.

Meanwhile, the pound slipped slightly against the dollar and the euro.

At 17:03 GMT, sterling was trading at 1.5779, down from 1.5786 dollars at the same time on Wednesday, while the currency stood at 1.1790 euros, down from 1.1810 euros over the same period.

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