Afternoon markets: Aggreko on top as FTSE 100 rallies

Temporary power company Aggreko was the biggest climber at the close of trading as the FTSE 100 index rallied during the day.

The blue chip index was buoyed by a round of good news from Europe, helping to lift it more than 1% higher to 5,420.

Aggreko rose 6.6% to 1,970p, after an upgrade to “buy” status by Citigroup. It had earlier in the week increased its full-year expectations, with pre-tax profit estimated to come in at around £324m.

Commercial broadcaster ITV rose 5.3% to 64.15p, copper miner Kazakhmys increased by 5.3% to 886.5p, insurer Admiral Group saw its share price climb 4.1% higher to 833p, as engineer Meggitt closed 3.9% up at 350.3p.

The biggest faller was AstraZeneca, dropping 1.5% to 2,905p, after it earlier anounced a $381.5m hit related to two drugs in development.

Essar Energy dropped 1.4% to 178p, Primark owner Associated British foods was down 0.6% to 1,093p, while both GlaxoSmithKline and cruise operator Carnival both dropped 0.3% to 1,445p and 2,130p, respectively.

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