FTSE 100 CLOSE: RBS on top after government lending plan boost
The Royal Bank of Scotland Group was the biggest riser at trading’s close, after Chancellor of the Exchequer George Osborne announced plans to boost mortgage and business lending by cutting credit costs.
The bank saw its share price rise by 7.9% to 247.6p as details of the plans were announced. It was joined at the top by gold producer Polymetal International, which increased by 7.3% to 887.5p.
Vedanta Resources rose 6.3% to 960p, while steelmaker Evraz increased by 5.9% to 270.8p, and Mexican silver miner Fresnillo rose 5.5% to 1,532p.
Temporary power provider Aggreko was the biggest faller, dropping 4.4% to 2,066p. Asset manager Ashmore fell 4.1% to 331p, while utilities company Severn Trent slipped 3.3% to 1,736p.
Microchip manufacturer Arm Holdings dropped 3.1% to 486.7p, as United Utilities fell 2.6% to 663p.
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