Business

Financial stocks lead FTSE 100 higher

Market trader (file picture) Image copyright Getty Images

(Close): London's leading shares rose for a third straight day on Wednesday, as financial stocks led the gainers.

Stockbroker Hargreaves Lansdown was the biggest winner, rising 4%, ahead of financial firm Old Mutual, which gained 3%.

Other big winners included pensions provider Standard Life and wealth manager St James's Place.

The benchmark FTSE 100 index closed on 6,261.19, which was an increase of 0.56% or 34.64 points.

On the currency markets, the pound rose 0.12% against the dollar to $1.4670, but edged lower against the euro to €1.3005.

Hospitality group Whitbread, which had led the list of gainers at the start of trading, later fell back to stand 0.9% lower on the day. A positive trading update had boosted it by 1.8% on Tuesday.