The FTSE 100 Index has risen 19.7 points, or 0.4%, to 5642.5 so far this morning led by commodities companies BP, BHP Billiton and Anglo American as oil trades near $60 a barrel and gold prices increase.
Hilton Group has also climbed 4.5p, or1.23%, to 369p. on reports the UK company is close to selling its lodging business to Hilton Hotels of the US for £3.6bn with an announcement expected this lunchtime. BHP Billiton, the world's biggest mining company, is up 1.4% to 948p. Anglo-American has added 0.9% to 1981 pence, while BP, Europe's biggest oil company, is up 0.7% to 625.5p. Royal Dutch Shell, the second largest, has also advanced 0.3% to 1786p. Meanwhile, gold is trading near its highest in two weeks on speculation central banks, the biggest holders of the metal, may buy more bull...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
