The FTSE 100 Index has added 17.2 points, or 0.3%, to 5669.5 points, led by energy stocks.
BP has added 0.7% to 617p and Royal Dutch Shell has gained 0.4% to 1,753p.
Oil rose for a sixth day in New York on concern the US may have trouble meeting summer demand for gasoline as shipments to two refineries were disrupted.
EMI has surged 9.6% to 311p, the biggest gain in seven months, after it rejected a £2.53bn offer from Warner Music Group, saying the bid was too low.
HSBC has added 0.7% to 943.5p, while Barclays has advanced 0.9% to 595.5p.
Limiting gains, BHP Billiton has declined 1.4% to 977p and Anglo American Plc has lost 0.4% to 2,086p.
Copper prices have dropped in London and Shanghai after a report showed consumption fell in China, the world's biggest consumer of the metal.
Bank of Ireland has dropped 43 cents, or 3%, to 13.57 euros as its shares traded for the first day without the right to a 34 cent payout.
In Japan, the Nikkei 225 Stock Average slid 285.7 points, or 1.9%, to 14,886.11 points on concern the US Federal Reserve will tomorrow raise interest rates and signal further increases.
Honda slid 90 yen, or 2.5%, to 3,530, Fanuc fell 260 yen, or 2.6%, to 9,740 and Toyota Motor dropped 110 yen, or 1.9%, to 5,700.
Bridgestone, the world's second-biggest tiremaker, slumped 95 yen, or 4.3%, to 2,140, its lowest close since 18 August. The company cut its forecast for this year's profit by 35% because of rising rubber costs and expenses associated with a planned US plant closing.
In the US, the Dow Jones industrial average fell 120.54 points, or 1.09%, to end at 10,924.74 points yesterday - its steepest percentage decline in more than three weeks - as traders shunned equities amid uncertainty about how aggressive the Federal Reserve will be in raising interest rates.
General Motors slid 6.7%, or $1.85, to $25.90 after the automaker said overall 2006 US auto sales were likely to come in below the 2005 total because of higher interest rates and gasoline prices.
DuPont declined 2.8%, or $1.16, to $40.88 after French telecommunications and media group Vivendi said it sold its 1.8% stake in the chemical company.
But shares of Spanish-language broadcaster Univision Communications jumped 6.2%, or $1.97, to $34 after the company accepted a $12.3bn takeover offer.IFAonline
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