The FTSE 100 index added 15.50 points to 4,751.20 at its close today, led by water companies following a decision by regulator Ofwat to grant higher than expected price increases.
The country's largest publicly traded water company, United Utilities climbed 29.50p to 601p, while the second largest, Severn Trent increased by 38.50p to 943p. British Airways, Europe's second-largest airline, rose 8.5p to 234.5p, a seventh day of gains, while Legal & General added 4.50p to 112p. Crude oil dropped for a third day, reaching an 11-week low of $43.20 a barrel. Oil and exploration firm, Cairn Energy lost 67p, or 4.4% to 1,457p leading the day’s fallers. BP shed 16.50p to 515.50p. Reed Elsevier, owner of the LexisNexis databases and Variety magazine, fell 14p to 47...
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