FTSE rises on back of solid results

A raft of solid earnings from household names encouraged investors to overlook the unfolding chaos in the eurozone and send London’s blue chip index higher.

The FTSE 100 Index rose by 21 points at 5505.7, having been lower earlier in the session, after EU leaders at the G20 Summit in Cannes told Greece that its referendum on the hard-won rescue deal will decide whether it remains in the eurozone.