London Market Report

  • Published

(Close): The pound fell against the dollar and euro after a poll by YouGov indicated rising support for the pro-Scottish independence "Yes" campaign.

The poll indicated the lead held by the "No" campaign to reject independence had narrowed to six points from 22 points since the beginning of August.

Sterling fell 0.63% against the dollar to $1.6502 and dropped 0.61% against the euro to 1.2572 euros.

On the stock market, the FTSE 100 index rose 3.86 points to 6,829.17.

Weir Group was the top riser on the index, up 2.5%, after Credit Suisse upgraded its rating on the engineering firm to "outperform" from "neutral".

After a tough couple of days following the release of a profits warning on Friday there was some respite for Tesco, with its shares rising 2.4%.

Redrow shares climbed at first before dropping back 1%, despite the housebuilder reporting a near doubling in full-year profits to £132.6m.

Revenue jumped 43% to £864.5m as demand was boosted by improving consumer confidence and the government's Help to Buy housing scheme.