The FTSE 100 has ended the day up 10.9 points, or 0.18%, to 6,166.1, boosted by new trading highs on Wall Street.
British Airways posted the biggest gains with a rise of 2.9% to 462p, closely followed by Standard Chartered bank which gained 2.74% to £14.64 on speculation Dubai's investment arm may raise its stake in the group to at least 10%.
Smith & Nephew gained 1.33% to 514p, closely followed by Gallaher Group which climbed 1.29% to 865p, while Land Securities Group added 1.23% to £20.59, although gains were limited by ITV which slipped 1.43% to 103.75p.
British Energy Group was the biggest drag on the index with a drop of 2.34% to 437.5p, after brokers cut its rating and kept it at “neutral”, while Scottish Power slipped 1.43% to 655p, and miner Kazakhmys dropped 1.68% to £12.29.
In the US, the Dow Jones is up 86.53 points, or 0.72%, to 12,088.9, for a new trading high as sliding oil prices helped offset nerves ahead of this week’s interest rate decision.
Wal-Mart stores is posting the biggest gains so far with a rise of 3.69% to $51.19, closely followed by General Motors which is up 2.10% to $34.04, while 3M Company has climbed 1.81% to $79.89.
Heavy equipment maker caterpillar is also off to a good start with a rise of 1.54% to $59.91, while Hewlett-Packard has added 1.53% to $39.98, although gains are being limited by American Express which is down 0.29% to $57.87.
Disney is the biggest drag on the index with a drop of 0.7% to $31.23, closely followed by drug maker Merck which is down 0.46% to $45.43, while Pfizer has slipped 0.22% to $27.62, and AT&T is down 0.44% to $34.29.IFAonline
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