The FTSE100 is in recovery mode this morning, with oil stocks leading the fightback from yesterday's sharp slide. London's blue chip index is currently 29.50 points (0.54%) higher to 5529.20.
News it has appointed Nestle's Paul Polman as its new chief executive has driven Unilever to the best opening, up 6.04% to 1580. The oil giants aren’t too far behind, with BG Group 4.2% ahead to 1091 and BP 4.15% higher to 527. Oil services provider Petrofac is also among the action, 3.81% up to 626.50. Financials are finding it tough this morning however, with HSBC 1.67% lower to 869 and Lloyds TSB 1.48% behind to 299. In New York, it was a mixed day for Wall Street on Wednesday with small gains for the Dow offsetting losses for the Nasdaq and S&P 500. The Dow Jones IA advanced 15.96...
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