The FTSE 100 index has started off on its second day of gains in a row, adding about 12 points to 4,519 this morning, helped by gains by some of its biggest constituent stocks.
BP is up 4.25p to 429p after JPMorgan raised its outlook on the European energy sector. Shell is up 4p to 364p. Hilton Group has bounced 5p to 230.5p after reporting a big increase in second half earnings on the back of increased business by its chain of Ladbrokes betting shops. Tomkins, the car parts maker, is up 3.5p to 253p after reporting a doubling in fourth quarter profit as it managed to cut costs faster than sales slipped. Abbey is the big loser, down 71.5p or 13% to 478.5p after reporting a second full year of losses, caused by the continued struggle to exit the disastr...
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