Oil, tech, mining lead FTSE higher

Warnings of a storm possibly approaching oil rigs in the Gulf of Mexico has sent next week’s oil price higher, while Intel has buoyed technology stocks around the world by saying it will beat previous second quarter sales forecasts. BP and Shell together have added about 8 points to the FTSE thanks to their respective weightings in the index. BP’s share price is up 6.5p to 570p, while Shell is up 6.5p to 490.5p. Reuters is up 8.25p to 408.25p after yesterday confirming its rejection of a bid to buy Instinet, an electronic trading platform it has already pledged to sell to market opera...