Business

FTSE 100 ticks up at the close

Market trader (file picture) Image copyright Getty Images

(Close): London's leading shares ticked up in Wednesday trading, with the benchmark FTSE 100 index up 13.08 points to 7288.72.

Standard Chartered shares made the biggest gains after profits nearly doubled.

Pharmaceutical stocks were the biggest drag on the FTSE, retreating from the previous session's gains after fresh deal-making in Europe.

GlaxoSmithKline fell 2.06%, while Shire dropped 0.6%.

Standard Chartered shares rose 4% after its quarterly profit nearly doubled from a year ago as the bank brought loan losses under control.

Meanwhile, the pound fell 0.04% against the dollar to $1.2835. Sterling rose 0.6% against the euro to 1.1807 euros.