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Bank pass rate helps lift London shares

Tue: Banks helped lift the FTSE 100 after they all passedRBS hq the latest stress tests. The leading index closed up 39.56 points to 6,395.65.

Investors seemed unperturbed by data that showed UK manufacturing activity growth slowed more than expected in November.

On the corporate front, Aberdeen Asset Management continued to fall after revealing on Monday that underlying pre-tax profits rose only slightly to £491m from £490m due to the slump in Asian and emerging market equities. Shares were down 4.6p at 314.8p.

Merlin Entertainments rose 5.8p to 415p after it confirmed it is likely to end its year on a stable footing with full year profit forecasts expected to meet lowered expectations despite the continued significant weakness at Alton Towers since the crash on its Smiler ride in June.

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