FTSE ends level despite major oil gains

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In London, shares gained after a major crude oil finding was announced, but a number of losses meant the FTSE 100 added just 1.5 points (0.02%) to 6,217.

Tullow Oil shares closed up 183.5p (24.14%) to 943.5p after the firm found oil off the coast of Ghana, while BG Group added 89 points (7.06%) to £13.50. Shire shares slid 42.5 points (4.62%) to 876.5p, while Home Retail followed close behind, dropping 11.75 points (4.41%) to 254.75p. On Wall Street, shares fell in early trading after a mortgage finance firm, Fannie Mae, revealed lower than expected profits and the Dow Jones slid 56.35 points (0.43%) to 12,913.19. Alcoa shares added 0.61 (1.65%) to $37.50 as optimism about commodities increased, while Microsoft added 0.34 (1.17%) to $29.4...

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