BP leads a share climb for a third consecutive day in the UK, as the price of crude oil traded close to a record, with investment bank Morgan Stanley raising its recommendation on the stock.
Shares in the oil firm rose 5p or 0.9% to 639.5p lifting the FTSE 100 index by 7.6 points, or 0.2% this morning, to 4689.4, while the FTSE All-Share Index saw a 2.43 point, or 0.1%, increase to 2326.95. Mining group, BHP Billiton gained 8.5p or 1.5%p to 594p as it said it would buy back A$1.5bn ($1.1bn) in a plan to return cash to its investors. Mean Fiddler Music Group lost 10.5p or 20% to 43p after announcing that chief executive Dean James would leave the company with immediate effect, putting the skids on its share sale. European Internet travel company, Ebookers meanwhile lost...
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
