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FTSE 100 close higher on Tuesday

Xinhua, April 22, 2015 Adjust font size:

FTSE 100 Index, Britain's benchmark stock market gauge, increased by 0.15 percent, or 10.80 points, to 7,062.93 points on Monday, due to companies' good financial reports.

Upbeat results from the likes of Sky and ARM Holdings lifted London's stock index on Tuesday.

British media group Sky reported on Tuesday that its operating profits for the nine months to the end of March rose 20 percent to 1.025 billion pounds.

ARM Holdings Plc, a Cambridge-based chip designer, announced Tuesday that its first quarter revenue increased by 14 percent to 348.2 million U.S. dollars, compared with that of the same period of last year.

Sky's share price sky rocketed by 5.04 percent, topping the gainers of the blue chips. ARM Holdings, InterContinental Hotels Group, WPP and International Consolidated Airlines Group SA increased by 3.91 percent, 3.37 percent, 2.72 percent and 2.62 percent respectively.

Associated British Foods led the top losers of the blue chips with a share price drop of 5.27 percent, followed by Weir Group (3.60 percent), Rio Tinto (2.16 percent), Anglo American (2.02 percent) and BHP Billiton (1.25 percent).

The index has gained 9.01 percent so far this year when measured in U.S. dollars. Endit