FTSE 100 CLOSE: Plain sailing for Admiral

Insurance group Admiral saw its share price grow by double digits at the close of trading, having earlier announced its full-year results.

The insurer increased by 10% to 1,144p after reporting a 13% rise in pre-tax profits of £299m from £266m in 2010.

Essar Energy saw its share price rise by 5.3% to 107p, while interdealer broker ICAP increased 3.6% to 394.4p.

Luxury goods company Burberry Group rose by 3.2% to 1,437p, while Schroders saw its non-voting share class climb 3.1% to 1,235p ahead of its results. (article continues below)

The biggest faller was British American Tobacco, dropping 2.1% to 3,126p. It was followed by building materials company CRH, which slipped 1.7% to 1,263p.

Asia-focused bank Standard Chartered and Antofagasta both dropped by 0.6% to 1,555.5p and 1,230p, respectively. Utilities company National Grid dropped 0.5% to 645.5p.