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News Link • European Union

London shares rebound

• http://news.yahoo.com, AFP
 London equities rebounded at the end of trade on Wednesday as investors shook off eurozone debt jitters after assurances from the European Central Bank.

The FTSE 100 index rose 0.70 percent to 5,634.74 points.

Lloyds Banking Group (LBG) was the most traded stock, seeing 197 million units change hands, followed by Royal Bank of Scotland (RBS), which saw 146 million units switch owners.

Hargreaves was the best blue-chip performer, adding 3.78 percent -- or 16.90 pence -- to 463.7, followed by Antofagasta , which rose 3.54 percent -- or 38 pence -- to close at 1110.

BT was the day's worst performer, its shares slipping 2.47 percent -- or 5.40 pence -- to 213.20, followed by Shire, which shed 2.37 percent -- or 47 pence -- to close at 938.

The pound was worth $1.5898, up from 1.5862 at 5:11 pm at the same time on Tuesday, while sterling stood at 1.2128, up from 1.2126 euros over the same 24-hour period.

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