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FTSE 100 close higher on GDP data, corporate news

Xinhua, July 29, 2015 Adjust font size:

FTSE 100 Index, British benchmark stock market gauge, Tuesday increased by 0.77 percent, or 50.15 points, to 6,555.28, as British growth pace picked up in the second quarter.

British gross domestic product (GDP) was estimated to have increased by 0.7 percent in the second quarter of 2015 compared with growth of 0.4 percent in Q1 2015, announced the Office for National Statistics (ONS) Tuesday.

RSA Insurance Group's share price increased by 18.43 percent, topping the gainers of the blue chips, as Zurich Insurance confirmed that it was considering a bid for the company.

Prices of Hikma Pharmaceuticals, GKN, Johnson Matthey and Glencore advanced by 11.59 percent, 7.32 percent, 3.75 percent and 3.38 percent respectively.

Royal Mail led the top losers of the blue chips with a share price drop of 3.43 percent, followed by Babcock International Group (2.08 percent), WM Morrison Supermarkets (0.99 percent), Tesco (0.89 percent) and ARM Holdings (0.85 percent).

Trading volume in FTSE 100 companies was slightly larger than the 30-day average. And the index has gained 2.12 percent so far this year. Endit