In the UK the FTSE 100 index of leading shares has gained 36.50 points, or 0.7%, to 5450.10 sending the benchmark to a four-year high, after the price of oil fell for the third straight day as concern that Hurricane Rita will disrupt supply eased.
Rio Tinto Group and Imperial Chemical Industries have paced the advance. Rio Tinto, the world's third-biggest mining company, has climbed 68p, or 3.1%, to 2,237p. Imperial Chemical, the UK’s biggest specialty chemical manfacturer, has increased 5p, or 1.7%, to 298.5p. Crude-oil futures have declined as much as 2.4% to $62.65 a barrel in New York. Alexon Group, the operator of Dolcis shoe shops and Envy fashion stores, has slid 15.5p, or 5.6%, to 260p. The company says fiscal first-half profit dropped 34% to £5.41m as consumers reined in their spending. Datamonitor, a market-re...
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