Afternoon markets: Financials on top at trading close

Financial stocks were among the biggest risers at the close of the last full trading session before Christmas, as the FTSE climbed 1.3% higher to 5,457.

The blue chip index was boosted by an unexpected revision to UK GDP growth this morning, which revealed that the economy had expanded by 0.6% during the third quarter.

The FTSE 100 was led by financial services group Old Mutual, climbing 4.2% higher to 135.6p. It was joined at the top by Royal Bank of Scotland Group, up 4% to 20.61p, and Lloyds Banking Group, which rose by 3.7% to 25.83p.

Steel company Evraz rose 3.9% to 390p, while copper miner Kazakhmys completeed the top five risers after increasing by 3.6% to 917p.

Vedanta Resources was the biggest faller dropping 2.4% to 1,017p. Gold miner Randgold Resources also found itself at the foot of the index after falling 1.7% to 6,585p.

Cruise operator Carnival slipped 1.1% to 2,107p, catering services company Compass Group closed 0.6% lower at 588p, while listed hedge fund Man Group dropped 0.4% to 125.4p.

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