Luxury goods retailer Burberry (BRBY.L) was the strongest riser at the close of trading as its share price rose 6.5 per cent to 1,531p.

The company saw its share price rise after revealing a 34 per cent year-on-year rise in total revenue in its first quarter results.

It also claimed double-digit growth in retail and wholesale, all regions and all product categories.

Angela Ahrendts, chief executive at Burberry, said, 'Our exceptional team continues to capitalise on our unique British and outerwear heritage, develop our global retail presence and employ innovative digital technology, specifically marketing to the younger luxury consumer.

'While mindful of global macro challenges and increasingly tough comparatives in the balance of the year, we remain confident in our strategies and will continue to invest to drive profitable growth.'

The company was joined at the top by a number of mining companies, buoyed by rising commodity prices after a more bullish Chinese growth update.

Mexican silver miner Fresnillo (FRES.L) rose 5.6 per cent to 1,520p, Randgold Resources (RRS.L) increased 4.3 per cent to 3,440p, and copper miner Kazakhmys was up 4 per cent to 1,365p.

Engineer Wood Group (WG.L) also rose at the close of trading, with share price up 3.2 per cent to 688p.

Despite the afternoon's news being dominated by News Corporation's abandoning of its takeover of British Sky Broadcasting, the biggest faller was Marks & Spencer (MKS.L).

The high street retailer saw its share price drop 2.5 per cent to 363.8p after publishing a more bearish outlook for trading in the short term.

Insurance group Admiral (ADM.L) fell 1.7 per cent to 1,547p, while B&Q owner Kingfisher (KGF.L) dropped 1.6 per cent to 254.1p.

Royal Bank of Scotland Group (RBS.L) dropped 1.3 per cent to 35.52p, as Primark owner Associated British Foods (ABF.L) was down 1.2 per cent to 1,057p.

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