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London shares rise (AFP)
LONDON (AFP) – FTSE 100 shares were firmer at the end of trade on Thursday as commodity prices surged.
London's benchmark index was up 1.15 percent to close at 5,744.89 points.
Lloyds Banking Group (LBG) was the most traded stock, seeing 157 million units change hands, followed by Vodafone, which saw 137 million shares switch owners.
The day's top performer was Petrofac, which added 84 pence — or 6.99 percent — to finish at 1286, followed by Xstrata, which added 51.50 pence — or 4.12 percent — to stand at 1300.
Smith and Nephew was the worst performer, dropping 4.50 pence — or 0.69 percent — to close at 652, followed by Glaxosmithkline, which shed 8.50 pence — or 0.67 percent — to finish at 1257.
Meanwhile, sterling rose against the dollar and the euro
At 17:17, the pound was trading at 1.5275 dollars, rising from 1.5184 at the same time on Wednesday, while the currency stood at 1.1260 euros, ascending from 1.1239 over the same period.