London Report: Stocks brush off referendum and get a lift from ECB

LONDON traders yesterday set aside concerns over the Scottish referen­d­um result and reacted positively to European Central Bank moves to strengthen Eurozone lenders.

The blue-chip FTSE 100 closed up 38.39 points, or 0.57 per cent, at 6,819.29 points.

Low-cost airline EasyJet’s shares rose 0.45 per cent to 1,344p after it announced that it would increase its dividend when it presents annual results in November.

Shares in fashion chain French Connection plummeted 13.75 per cent to 60.38p, despite a further narrowing in losses in the retailer’s half-year results.

The biggest risers in the FTSE 100 were TUI Travel up 4.66 per cent at 384p, Barratt Developments up 3.01 per cent at 403.80p and Travis Perkins up 2.54 per cent at 1,697p.

The biggest fallers were Randgold Resources down 2.55 per cent at 4,430p, Tullow Oil down 2.35 per cent at 665.50p, Fresnillo down 1.94 per cent at 782.50p and SABMiller down 1.12 per cent at 3,537p.