London's leading share index is up nearly 1% today despite concerns over the European debt situation.
Shortly after 3.30pm, the FTSE was up 0.89%, or 49 points, to 5,598 with BP and ARM Holdings leading the upward charge.
The positive showing comes despite concerns centring on Ireland after figures revealed manufacturing activity in the country contracted in September.
Manufacturing figures in the UK, meanwhile, suggested subdued growth going forward. The Markit/Chartered Institute of Purchasing and Supply manufacturing PMI index fell to 53.4 in September from 53.7 the previous month, suggesting growth figures for the third quarter will be muted.
Despite the gloom, there was some positive company news for traders to ponder. BP is higher amid speculation dividends will soon be resumed. Bob Dudley, who becomes chief executive of the oil company today, said the board would meet soon to discuss restoring payouts next year, according to newspaper reports.
But BP rival BG is causing most excitement as its Spanish peer Repsol announced a deal with the Chinese refiner Sinopec which will see Sinopec holding a 40% stake in Repsol's Brazilian unit.
Meanwhile, Germany's Dax is up half a percentage point and France's Cac had advanced 0.12%.
Hargreave Hale seeking legal advice
Latest news and analysis
First mentioned in Cridland Report
Second acquisition of 2019