Afternoon markets: FTSE 100 closes on seven day high

The FTSE 100 index closed on a seven-day high, well above the 5,300 mark after a day dominated by chancellor George Osborne’s autumn statement.

The blue chip index closed at 5,337, its highest level since Friday November 18, led by Randgold Resources.

The gold miner closed 5.8% higher at 6,600p and was joined at the top by listed hedge fund Man Group, which added 4.3% to its closing share price up to 138p.

Engineer GKN rose 4.2% to 184.5p, temporary power provider Aggreko increased 3.7% to 1,841p, and security services company G4S climbed 3.2% higher to 246.8p.

The biggest faller was Lloyds Banking Group, down 2.6% to 23.06p. Rio Tinto and B&Q owner Kingfisher both dropped 1.2% to 3,125.5p and 250.1p, respectively.

Royal Bank of Scotland Group shed 1.1%, falling to 19.52p, as commodities trader Glencore International slipped 1% to 380.5p.

To receive more relevant articles like this one, why not sign up to our briefings and breaking alerts by clicking here.