In the UK FTSE 100 Index rose 11.5 points, or 0.2%, to close at 5286.5 although airlines including British Airways limited the advance as higher oil prices threatened to erode earnings
British Airways, Europe's third-biggest carrier, fell 0.91 % to 299.75p, while EasyJet, the region's second-biggest low-cost carrier, dropped 1.58% to 281p. BP, Europe's largest oil company, added 2.61% to 629.50p. Shell, the region's No.2 oil company, gained 1.3% to 1,747p and BG Group, the UK's third-biggest oil company, added 1.65% to 492p. BHP Billiton, the world's biggest mining company, added 1.49% to 817.50p, while Rio Tinto, the No.2 mining company, climbed 1.39% to 2,194p. Oil rose the most in four days, moving $1.65 to $64.28 a barrel after concerns a hurricane may form in the...
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