UK stocks are trading well this morning as the FTSE 100 Index is up about 18 points to a new 28 month high of 4,746 with lower crude prices providing a shot in the arm for oil-dependent stocks.
British Airways leads the surge lifting 6p to 221.50p. The drop in the price of a barrel of crude oil from a recent record exceeding $55 to a current $48.77, has seen stocks rise in companies like BA. Standard Chartered made good gains; the international bank is up 19.50p to 1021.50p. Smith & Nephew has also recovered after a bumpy few days. The medical devices firm has regained 8.50p to be at 525.50p this morning. Cairn energy is the biggest faller, slipping 21p to 1474p. Also affected by oil stocks, BP is down 4p to 538p. Asian stocks are in a similar mood, boosted by the slid...
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