FTSE gets a boost from BP

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The FTSE 100 Index has gained 40 points, or 0.7%, to 5711.6 points this morning, led by BP and British Airways.

BP has gained 9.5p, or 1.5%, to 627.5p after Lehman Brothers Holdings raised its recommendation on the stock to "equal-weight" from "underweight", saying the shares are no longer "so expensive" relative to the industry. British Airways has climbed 18.5p, or 6.1%, to 339.5p. The company has reported better-than-expected fourth-quarter profit on increased business passenger travel from London's Heathrow airport. BAE Systems has advanced 7.5p, or 2%, to 385.5p after the shares were raised to "buy" from "neutral" by analysts at Merrill Lynch. On the downside, Centrica has slipped 8.25p...

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