The FTSE 100 Index continued its push towards the 5,000 mark, adding a further 7.4 points in morning trading to 4,923.6 points.
The benchmark index is boosted by steel maker Corus, up 1.5p to 57p.
Vodafone and Cairn Energy are also trading well picking up 3p to 138.75p and 24p to 1157p respectively.
BSkyB, meanwhile, has come back down to earth shedding 10p to 565p, after a good set of results earlier in the week.
In Japan, the Nikkei 225 Stock Average fell 0.2% to 11,389.35, led by financial stocks after a report that Sumitomo Mitsui Financial Group could cut its full-year earnings.
Sumitomo Mitsui Financial dropped 2.8% to 698,000 yen. The bank may set aside an additional $1.93bn to write off bad loans, a local newspaper reported.
Sumitomo Mitsui denied the report before the markets closed early this morning, adding also that the bank has not ended its pursuit acquire bank, UFJ Holdings, amidst further newspaper reports.
UFJ slipped 2.5%to 593,000 yen, while Sumitomo Trust & Banking shed 1.2% to 687 yen.
Daido Steel, Japan's largest maker of specialty steel added 0.5% to 374 yen after news that the steel industry will increase the price of its products by as much as 20%.
The Value of the Dow Jones continues to rise with the benchmark adding a further 44.85 points to 10,596.79 points at its close late last night, after the Federal Reserve increased the US base rate by a quarter percentage point to 2.5%.
Boeing and Merck & Co led the rise picking up $1.19 to $52.23 and $0.63 to $28.46 respectively.
Amec took the glimmer off of what has been a good week dropping $0.98 to $55.77.IFAonline
The chairman doggedly tries to be amusing
'Profitability is almost a myth'
Active Wealth in liquidation
Cautious welcome for volatility
Report output options