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London stock market ends higher on Pre-Budget Report
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08:27, November 25, 2008

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The London stock market ended higher on Monday after British Chancellor Alistair Darling announced the pre-Budget report which include tax cut and spending stimulus plans.

The FTSE 100 index added 372 points or 9.8 percent at 4153.08.

The market was also boosted by news of the Citibank's bail-out, when mining firms were among the main gainers with Eurasian adding27.3 percent, Kazakhmys climbing 25.4 percent while Xstrata rose 23 percent. BHP Billiton climbed 22.8 percent.

Fallers included Standard Chartered, which shed 4.5 percent after it announced a 1.78 billion pounds (3.56 billion U.S. dollars) rights issue.

Source:Xinhua



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