Energy shares revive FTSE

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In London, markets climbed after losing over 2% yesterday and by mid-morning the FTSE 100 was up 39.2 points (0.73%) to 5,446.

Eurasian shares made the biggest gains, up 50 points (4.78%) to $10.97, while Tullow Oil shares added 32.5p (3.86%) to 874.5p. Travel and airline shares fell after German regulators blocked a merger deal between Air Berlin and Thomas Cook’s Condor, with British Airways down 5.5 points (2.61%) to 205.25p and FirstGroup lost 13.5p (2.41%) to 547p. Wall Street markets closed up after several poor trading days, with the Dow Jones adding 81.58 (0.73%) to 11,229.02. Alcoa shares added 3.06 (9.7%) to $34.60, while Intel gained 0.81 (4.09%) to $20.62. However, reassuring words from the Federal ...

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