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Markets rise after shrugging off Greek woes

UK stocks rose for a fifth consecutive day on the back of some impressive results from blue chips. The FTSE 100 ended the day up 0.15% at 6,844.80, its highest close since 11 June.

Supermarket stocks, oil and gas producers and miners all finished with decent gains as London traders shrugged off fading optimism surrounding an EU deal with Greece.

Sainsbury’s,  Morrisons and Tesco were in demand and high street fashion group Next also rose after Barclays Capital lifted its recommendation to ‘overweight’.

Oil major Shell rose on a broker upgrade ahead of the impending BG Group takeover.

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