FTSE back on the march

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The FTSE 100 index has advanced 15.2 points to 5068.40 points, led by Cairn Energy after it reported upbeat prospects for its main Indian assets.

The energy firm has so far added 61p or 5.7% to 1127p, having suffered losses over three days. Publisher Reed Elsevier has also picked up 20p or 4% on its share price to 516.25p, after its full-year profits reached the top end of analyst’s forecasts. Standard Chartered, meanwhile, has shed 15.5p to 979.5p, along with Scottish Power down 5.5p to 432p. In Japan, the Nikkei 225 index declined 0.2% to 11,582.72 after gains in crude oil prices raised concern higher fuel costs will hinder the economy's recovery from yet another recession. Japan imports almost all of its oil. However, M...

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