Najaf ceasefire lowers oil but lifts FTSE

The FTSE 100 index eventually closed up 42.3 points or 0.96% to 4,453.9 by close of business in London as crude oil prices are still falling thanks to the ceasefire in Iraq’s Najaf, and lift the prospect of profitability after all for firms like British Airways. British Airways gained 5.5p or 2.46% to 229p and Imperial Chemical Industries added 2.5p or 1.15% to 220.5p thanks to that shift in oil price. Media stocks seem to have had a good day too as BSkyB closed up 13.5p or 2.83% to 491p, ITV rose 2.75p or 2.69% to 105p and the Daily Mail Trust added 14p or 2.08% to 685.5p. GlaxoSm...