THE UK’S top equity index rallied yesterday, lifted by technology group ARM, which rose after posting higher profits.
The FTSE 100 added 66.90 points or 0.99 per cent to 6,795.34, while other global markets also moved higher on news that pro-Russian rebels in Ukraine had complied with western requests to hand over the black box recorders from downed Malaysian Airlines flight MH17.
Nevertheless, the index remains 1.2 per cent below its July high.
ARM rose 6.2 per cent to 881p, after the chipmaker posted higher second quarter profits.
Mining shares were also among the gainers as investors rediscovered their appetite for risk. Anglo American added 3.56 per cent to 1,600.5p; Fresnillo rose 2.40 per cent to 937.5p; and Antofagasta moved 1.9 per cent up to 831p.
However, Tesco fell three per cent to 277.35p, as several analysts cut their price targets on the stock, a day after it announced a profit warning and a change in chief executive.