UK stocks have regained some of the ground lost yesterday as the indicators which drove the market down - oil and the US dollar - are now moving in the other direction.
BHP Billiton and Easyjet have seen the best gains after BHP, the world's biggest mining company, bought back 51% more of its Australian stock than it predicted last month and Easyjet announced fiscal-year profit advanced 27% to over £1bn. As a result, the FTSE 100 index is up 26 points or 0.55% to 4,759 within the first hour of trading while BHP Billiton is up 13.5p or 2.3% to 599.5p and Easyjet is up 4.25p or 2.32% to 187.5p. Much of the rebound is prompted in part by the reduction in oil futures prices which have now dropped off again, along with sterling against the dollar. The dol...
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