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FTSE 100 rises by 0.21 pct on Standard Chartered

Xinhua, February 27, 2015 Adjust font size:

FTSE 100 Index, British benchmark stock market gauge, Thursday increased by 0.21 percent, or 14.35 points, to 6,949.73, as the news on top bosses changes in Standard Chartered lifted the market.

British bank Standard Chartered announced Thursday that the group's chief executive officer and chairman would step down from their roles at the beleaguered bank in June 2015 and the year 2016 respectively.

CEO Peter Sands will be replaced by former JP Morgan banker Bill Winters and will join the group on May 1, 2015, the bank said in a statement.

On the same day, data from the Office for National Statistics (ONS) showed that Britain's gross domestic product (GDP) increased by 0.5 percent between the third quarter of 2014 and the forth quarter of 2014, unrevised from the previous estimate.

British GDP was estimated to have increased by 2.6 percent in 2014, compared with 2013, also unrevised from the previously published estimate, said the ONS.

Standard Chartered' share price increased by 5.37 percent, topped the gainers of the blue chips.

Prices of Persimmon, Kingfisher, Randgold Resources, Meggit advanced by 4.39 percent, 3.21 percent, 2.48 percent and 2.22 percent respectively.

Reed Elsevier led the top losers of the blue chips with a share price drop of 4.80 percent, followed by RSA Insurance Group (4.71 percent), easyJet (4.47 percent), Royal Bank of Scotland (4.14 percent) and Centrica (2.15 percent).

Trading in FTSE 100 companies was around eight percent lower than the 30-day average. And the index has gained 6.41 percent so far this year in U.S. dollar term. Endit