BP and Vodafone led the FTSE higher by about 39 points to 4,395 this morning, taking the index' rebound since Monday's close to more than 100 points.
ICI leads gainers by percentage share price improvement, up 12.25p to 217.5p on news its second quarter sales and profits were better than expected by the market.
BP leads the index gains by points added, rising 10.5p to 508.25p as oil prices hit their highest in a decade overnight following the closure of oil and gas wells operated by Russia’s biggest exporter Yukos.
Vodafone is up 1.75p to 119.75p after the UK’s biggest distributor of mobile phone handsets and services Carphone Warehouse forecast a “crazy” Christmas sales season.
Legal & General is up 1.75p to 98.5p on results showing first half profit fell less than expected.
Friends Provident is up 2.75p to 134.25p after its ISIS Asset Management subsidiary reported a smaller first-half loss on lower costs associated with its acquisition of Royal & Sun Alliance’s funds business.
BT is down 5p to 189.5p after reporting a fall in overall sales in its first quarter.
Centrica, which distributes gas, is off by 2p to 236p after warning of hits to its margins because of rising gas prices.
Shares gained overnight in the US. The Dow Jones Industrial Average index gained 31.93 points to 10,117.07, while the S&P 500 gained 0.59 points to 1,095.42.IFAonline
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