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FTSE up despite Greece fears



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(Close): London's main market see-sawed in its first trading session after Christmas, finally ending higher despite fears over Greece's bail-out programme.

The FTSE 100 rose 23.6 points to 6633.5.

Royal Mail rose 5% in reaction to the collapse of competitor City Link over Christmas.

Mining giants BHP Billiton, Rio Tinto and Anglo American were up almost 3%.

BT Group fell 3% after going ex-dividend, meaning new buyers will not receive the shareholder payout until the next dividend is due.

The turnaround specialist, Better Capital, which owned the failed parcel delivery company City Link, lost 2.5%, recovering from an earlier 4% fall. It lost 31% of its value over 2014.

Shares in newcomer Indivior fell 2% as some of the euphoria over the drug firm's recent creation after a demerger from Reckitt Benckiser started to fade.

On the currency markets, the pound fell 0.3% against the dollar to $1.5515 and was up 0.05% against the euro at €1.2762.