News from Venezuela, of all places, is influencing activity on the FTSE 100 this morning as a decisi...
News from Venezuela, of all places, is influencing activity on the FTSE 100 this morning as a decision to maintain Venezuela's oil production, rather than increase it, is driving UK oil prices up the index. The FTSE 100 added 14.4 points or 0.3% to 4619.7 after the open but it was oil stocks, such as BP and Shell Transport which accounted for 50% of the trading, because Venezuela is the third largest oil supplier in the world. Abbey National saw its share price go up by 17.5p or 2.3% to 794p after the chief executive told newspapers it was a target for merger with European banks. ...
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