U.K. shares closed higher; Investing.com U.K. 100 up 1.05%

London Stock Exchange

Market movers

* The FTSE 100 rose 1.05% to 7,464.14, with basic resources and utility stocks providing the biggest boost. * Rio Tinto (LON:RIO) shares jumped 3.9% to 6,104.00p, while BHP Billiton (LON:BHPB) climbed 3.2% to1,929.50p. * BP (LON:BP.) shares added 2.2% to 487.00p, while Royal Dutch Shell (LON:RDSa) shares gained 2.4% to 2,307.50p. * GlaxoSmithKline (LON:GSK) shares rose 1.8% to 1,435.50p, while Astrazeneca (LON:AZN) shares advanced 2.1% to 10,594.00p.

Other notable gainers

* Prudential (LON:PRU) shares climbed 2.0% to 1,338.50p. * Diageo (LON:DGE) shares rose 2.2% to 4,055.50p. * HSBC Holdings (LON:HSBA) shares gained 2.3% to 609.80p.

Decliners

* Next (LON:NXT) shares fell 2.0% to 8,214.00p after the retailer reported a decline in full-year profit. * Morrisons (LON:MRW) shares lost 2.1% to 223.25p after the supermarket chain warned of rising food costs. * Whitbread (LON:WTB) shares declined 1.8% to 2,993.00p.

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The FTSE 100 is a share index of the 100 companies listed on the London Stock Exchange with the highest market capitalization. It is a capitalization-weighted index, which means that the companies with the largest market capitalization have the greatest impact on the index's value. The FTSE 100 is one of the most widely followed stock market indices in the world and is often used as a benchmark for the performance of the British economy.