FTSE 100 ended higher on Wednesday, closes at 6,753.75

The FTSE 100 ended slightly higher on Wednesday after a small drop in morning trade.

Despite concerns about developments in Greece, the benchmark index gained 4.43 points closing at 6,753.75.

The volume of shares traded was 21 percent lower than the 30-day average. Investors appear to be less willing to trade before a vote in Greece – on the proposed bailout package to prevent the country from going bankrupt.

The FTSE 100 is roughly 5 percent higher than last week on expectations that Greece is going to follow through with a deal with creditors.

The benchmark index is 3 percent higher than at the start of the year, but 5 percent lower than the record high it soared to in April – of 7,122.74 points.

Travis Perkins was the biggest gainer

The biggest gainer was Travis Perkins, the Northampton-based merchant and home improvement retailer, which ticked up 2.8% after Berenberg raised its stance on the stock to “buy” from “hold” and rose its price target to 2,500 pence from 2,000.

Burberry shares drop on disappointing financial results

Burberry Group Plc dropped 2.6 percent after the company reported a slowdown in revenue growth and announced that it will review stores in Hong Kong after posting a worse than expected fall in sales in the region.

Pound dropped against the dollar and rose against the euro

The pound dropped 0.1% against the dollar at $1.5620, but rose 0.3% against the euro to €1.4248.


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