22nd December 2011
Better-than-expected gross domestic product data from the UK has seen a rise in financial shares on the FTSE 100 this afternoon (December 22nd).
Figures from the Office for National Statistics revealed the country has seen a 0.6 per cent rise in GDP over the last quarter - up from estimates of 0.5 per cent - and this has had the effect of propelling a number of financial stocks into the FTSE 100 top ten.
ShareCast reports the biggest movers in market trading today have included Lloyds Banking Group (up 3.7 per cent), Royal Bank of Scotland Group (up 3.23 per cent) and Barclays (up 2.68 per cent).
In addition, International Airlines Group showed solid performance (gaining 2.69 per cent) after beating Virgin in the buyout of BMI.
Overall, the FTSE 100 was up by 67.13 points (1.3 per cent) to 5,456.37 by 11:45 GMT, with today being the last full day of trading ahead of a slowdown in markets over the festive period, Reuters revealed.
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