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LONDON (AFP) –
The leading stock exchange closed higher on Wednesday as Greece revealed additional austerity cuts worth 4.8 billion euros (6.5 billion dollars) in a bid to rescue its debt-stricken economy.
The FTSE 100 index was up up 0.90 percent to 5,533.21 points.
Lloyds Banking Group (LBG) was the most traded stock, seeing 160 million units change hands, followed by Vodafone, which saw 134 million shares switch owners.
The day's top performer was Lonmin.
The miner added 104 pence -- or 5.66 percent -- to finish at 1,942, followed by Standard Chartered bank, which added 84 pence -- or 5.28 percent -- to stand at 1,674.
Insurer RSA was the biggest loser, dropping 5.3 pence -- or 4.07 percent -- to close at 124.9, followed by Intercontinental which shed 21.5 pence -- or 2.21 percent -- to finish at 953.5.
Meanwhile, sterling climbed against the euro and the dollar.
At 17:05, the pound was trading at 1.512 dollars, up from 1.497 at the close on Tuesday, and sterling was trading at 1.102 against the euro, down from 1.100 over the same period.
