FTSE rises on oil optimism

UK oil stocks including BP rose on optimism that a new tax unveiled yesterday will not dent earnings as much as some had expected. BP the UKs largest oil producer climbed 3.5p to 601.5. Avis Europe dropped after saying it hasn't seen a rebound in corporate business since 11 September. The FTSE 100 rose for the fifth day, adding 14.4 points to 5278.3. BP and Shell accounted for more than a third of the rise. Five stocks gained for every four that fell in the FTSE All Share, which added 5.39 points to 2561.59. The FTSE Small Cap advanced for the eighth day in a row, adding 2.9 points...