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Standard Life gains as FTSE rises Standard Life gains as FTSE rises
(about 5 hours later)
(Noon): London's leading shares rose in Friday morning trading as efforts continued in Brussels to resolve the crisis over Greece's bail-out. (Close): The FTSE 100 closed at 6912.66, climbing 0.34% on the day and approaching a 15-year high.
By lunchtime, the FTSE 100 index was up 18.49 points or 0.27% at 6,907.39. Gains were led by miner Glencore which closed 3% higher at 292.1p.
Housebuilder Persimmon was the biggest faller on the index, slipping 2.2% after a broker downgrade. Financial services firm Standard Life rose 2.7% to 419.6p after posting its annual operating profit figures earlier in the day.
Financial services firm Standard Life was among the risers, adding 2.2% after posting a 19% rise in annual operating profits. International Consolidated Airlines Group, which owns British Airways and Iberia, closed 2.3% down on the day, at 551p.
Otherwise, the biggest gainers were mostly mining and energy stocks. Engineering firm Weir Group, which provides services to those sectors, topped the leaders' list, adding 3.1%. Brent crude inched up 0.1% closing at $60.24 a barrel, but West Texas crude was 0.1% lower at $51.38 a barrel.
The energy sector was strong despite mixed signals from oil prices. Brent crude was up 0.5% at $60.48 a barrel, but West Texas crude was 0.1% lower at $51.85 a barrel. On the currency markets, the pound closed down 0.27% against the dollar at $1.5373 and fell 0.23% against the euro to €1.3530.
On the currency markets, the pound was down 0.24% against the dollar at $1.5377, but climbed 0.28% against the euro to €1.3599.