Fashion house Burberry Group was the biggest riser at the close of trading after earlier reporting a surge in total revenue during the third quarter.

The company's share price increased by 5.3 per cent to 1,115p as it experienced double-digit growth in sales across its retail and wholesale divisions dring the threee months to December.

Angela Ahrendts, chief executive at Burberry Group, said, 'The Burberry team delivered a 30 per cent increase in revenue in the third quarter, with strong, consistent growth in both retail and wholesale and in every product division and region.

'As a result, we now expect adjusted profit before tax for the current financial year to be at the top end of market expectations.'

She added, 'Ongoing initiatives in retail, digital, product development and new markets underpin our confidence in the future.'

Microchip manufacturer Arm Holdings performed strongly with share price rising by 4.3 per cent to 536.5p after analysts at Goldman Sachs upgraded the company to 'buy' status, raising is target price to 700p.

Petrofac also saw share price increase by more than 4 per cent after winning a £0.75 million ($1.2 million) contract in Algeria for engineering, procurement and construction services for four fields.

Essar Energy was the biggest faller, shedding 4.6 per cent from its share price, down to 532p. The India-focused energy company had fallen after earlier announcing a $500 million convertible bond issue.

GlaxoSmithKline was hit by reports that it could face a £2.2 billion legal bill over its diabetes drug Avandia, sending share price down by 2 per cent to 1,181.5p. Can maker Rexam also saw share price drop, falling by 1.2 per cent to 345.2p.