The FTSE 100 has moved slightly higher by 0.3 points, or 0.01%, to 5,440.1, as weaker fuel prices have eased concerns over inflation and company costs.
Cairn Energy has advanced 90p, or 5.11%, to 1850p, after providing an operational update, while oil prices have slipped to a 15-week low to $58.93 a barrel, after an increase in US crude stocks has added pressure to a market already reeling from lacklustre demand in growth and mild weather. Online gaming firm PartyGaming, has extended yesterday’s rise with an advance of 1p, or 1.1%, to 91.5p, after reports its possible takeover of rival Empire Online may not go ahead. Meanwhile, telecoms firm Vodafone has risen 1.25p, or 0.83%, to 149.25p, after Dutch Bank ING raised its rating on the...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
