FTSE 100 CLOSE: Hammerson buoyed by French rival news

Real estate investor Hammerson was the biggest riser at the close of trading after news that BNP Paribas was to sell a stake in French shopping mall company Klepierre.

The French bank is to sell the stake for £1.3 billion to shore up capital reserves and is seen as good news for Hammerson because of its exposure to property in France.

Hammerson rose by 5.5% to 411.3p on the news. It was joined at the top by oil & gas services company Petrofac, which climbed 5.3% higher to 1,675p.

Luxury goods company Burberry increased by 4.9% to 1,508p, engineer IMI was up 4% to 989.5p, while Vedanta Resources added 3.7% to its share price, closing at 1,393p.

The biggest faller was Man Group, dropping 2.9% to 141.8p. Mexican silver miner Fresnillo dropped 0.8% to 1,824p, while asset manager Schroders slipped 0.7% to 1,550p after announcing its results this morning. (article continues below)

Both International Power and clothing chain Next dropped 0.3% to 358.2p and 2,722p, respectively.