Afternoon markets: FTSE 100 closes at highest level in almost a month

Another good day for the FTSE 100 which finished at its highest level since November 8, up 0.28% across the day to reach a high of 5,602.80.

The German chancellor Angela Merkel and French prime minister Nickolas Sarkozy met today to reiterate their commitment to keeping the euro a stable currency. This move towards a solution to the debt crisis spurred global indices upwards.

Leading the gains today was Lloyds Group which added 6.34% to its share price, taking it to 27p. Royal Bank of Scotland was another strong performer as share prices went up 5.27% to 22.77p by close.

Commodities giant Glencore rose 3.41% to reach 424.95p while International Consolidated Airlines Group rose 2.87% to 157.90p. Man Group was up 2.81% by the end of the day, finishing at 146.40p a share.

The day’s biggest fall came from Burberry Group, which was down 3.34% 1,272.00p. Retailing chain Next fell by 2.10% to 2,660.00p, Weir Group by 1.88% to 2,035.00p and Arm Holdings by 1.83% to finish on 589.50p. Shares in Glaxosmithkline fell by 1.55% to 1,399.50p.