FTSE holds onto small gain as oil prices rise

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In the UK, leading shares tumbled down from earlier highs to end the day with a token gain of 6.20 points, or 0.12% to 5380.70, as the price of oil pushed up again with a barrel of crude rising towards the $63 mark.

The biggest gains were made by Tate and Lyle which rose 16p, or 3.48% to 475.75p. Meanwhile, Marks & Spencer helped buoy shares moving up 3.45% to 397.25p, as it lifted sales for the first time in eight quarters, adding that interim profits would be at the top end of market expectations. The news accompanied September figures from the British Retail Consortium that showed like for like sales fell 0.8% last month, as declines on the high street continue to bottom out. Airport operator BAA gained 0.40% to 628p as it saw passenger traffic in September rise by 3% year-on-year to 13.5m. The ...

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