Recovery takes FTSE through 4,500

A 200 points gain over the past three weeks has helped the index reverse a steep collapse of confidence sparked by oil price fears. Land Securities jumped 40p to 1,190p after analysts at Cazenove said the company’s Trilium services outfit was undervalued by the market. British Land followed suit, adding 17p to 736.5p. Oil majors followed gains in forward oil prices on the futures market, adding market capitalisation value on another note suggesting oil company share prices still lag oil price gains. BP closed up10.75p at 503.5p. Shell gained 4.5p to 410p. Supermarkets have...