Oil rethink pushes majors, FTSE higher

BP gained 10.75p to 495.75p after some analysts said current oil company share prices did not account for recent increases in the price of oil. Shell added 6.25p to 406p. Rentokil gained 5p to 152p after announcing a search for a mergers and acquisitions specialist to help the firm carry out its plan to buy in higher sales and profit growth. Dixons fell 1.5p to 155.75p following comments by electronics manufacturer Sony in Japanese newspapers that sales of its televisions and other products were “disastrous”. Bunzl, the packaging supplier, fell 1p to 430p on market speculation e...