The benchmark FTSE 100 closed up a mere 0.10 points at 4,422.80 after UK stocks ended the day on a mixed note.
Cable & Wireless advanced 7.5p to 129p after the phone company reported it will pay a full- year dividend of 3.15p a share, backdating the payout to include its first half.
In the meantime, oil stocks such as BP and Shell Transport gained after oil price climbed in New York yesterday, boosted by the last days’ of turmoil in Saudi Arabia.
BP, one of the biggest oil companies in Europe, jumped 5.5p to 487.5p.
Shell Transport rose 1.75p to 396p.
UK lenders also climbed today.
Royal Bank of Scotland gained 15p to 1,650p, and HBOS rose 4p to 712p.
In the meantime, Enterprise Inns, a pub owner, dropped 12p to 592p.
Scottish Power, one of the UK's largest power distributors, lost 6.75p to 392p.
BHP Billiton, a miner, declined 16.5p to 447.5p after Morgan Stanley cut its price forecast for copper, aluminum and nickel.
Across the Atlantic, the Dow Jones Industrial Average index is currently up 9.29 points at 10,211.94, while the S&P 500 index is down 0.98 points at 1,120.22.
Nasdaq's Composite index has so far lost 8.44 points to 1,982.33.IFAonline
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