The FTSE 100 Index added 9.3 points, or 0.2%, to 5773.40 points this morning as oil prices decrease for a second day.
Crude oil for March delivery has fallen as much as 0.8% to $61.41 a barrel in after-hours electronic trading on the New York Mercantile Exchange amid signs production will rise faster than demand this year, bolstering stockpiles. British Airways has advanced 1.8% to 327p, while ICI has increased 0.9% to 347.5p. BAA has added 1% to 787p after shareholders including Scottish Widows said they would accept a takeover offer from Spain's Grupo Ferrovial SA if it were more than 900p a share. In Japan, the Nikkei 225 Stock Average dropped 380.17 points, or 2.3%, to 15,877.66 points after a ce...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes