The FTSE climbed today after better than expected results from US oil giant Exxon flowed through to b...
The FTSE climbed today after better than expected results from US oil giant Exxon flowed through to boost shares in Shell and BP. The two UK stocks were up 16.5p to 467p and up 18.5p to 532p respectively. Raw oil prices are still pressed, and US pump prices are likely to fall, but European oil stocks are seen to be maintaining stronger earnings due to their upstream activities. British Gas ended the day up 9.5p at 287p after it agreed to buy failed US energy trading company Enron's Indian assets for a cheaper price than first envisaged. Media and advertising stocks were hammered,...
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