Prospect of improved oil output by OPEC may be part of the reason for a small rise in the FTSE 100 index this morning, but firms are clearly still nervous about which way oil prices will go.
The FTSE 100 index is currently up around 17.8 points or 0.4% to 4449, led by ICI, while the FTSE All-Share index rose 7.64 points or 0.4% to 2206. ICI is so far up 3.75p or 1.8% to 208.25p after Saudi Arabia said it would increase oil production to help lower the $40 a barrel oil price. Rentokil, the world's largest pest-control business, also rose 1.55p within the first hour, to 149.5p after a Sunday newspaper reported it may sell its parcels and conference units for £600m. SSL International, the maker of Durex condoms, also rose 8p or 2.5% to 335p on the back of a division sale ...
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