FTSE powers ahead on strong oil and energy

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A late rally led by the strong energy and mining sectors drove the FTSE 100 higher this afternoon, closing Wednesday 48.90 points (0.81%) ahead to 6083.60.

Eurasian Natural Resources was clearly the best of the bunch, recording a solid 8.31% to 1420. Shire and Tullow Oil revelled in the near $120 per barrel crude prices, closing up 6.59% to 979 and 4.03% to 761.50 respectively. Alliance & Leicester was smashed on a poor overall day for the financials sector; the lender was down 7.45% to 491. Thomas Cook and Centrica also struggled, down 4.4% to 271.50 and 3.85% to 293.25 respectively. In New York, the Dow Jones IA is higher on another day of expected mixed reporting results, currently 57.56 points (0.45%) ahead to 12777.79. Boeing i...

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