Drop in oil price boosts FTSE

The UK’s main benchmark closed up 44.4 points or 0.94% to 4777.4 thanks largely to a boost for money managers Amvescap which gained 15.5p or 5.12% to 318.25p. Rival firms Man Group and Old Mutual earning higher share prices, as Man rose 30p or 2.12% to £14.45 and Old Mutual added 3.25p or 2.5% to 133.25p. Cairn Energy also managed to pull back some of its losses earlier in the week, despite a drop in the oil price. British Airways rose 5p or 2.2% to 229.75p after the price of a barrel fell by $2.Vodafone also enjoyed much of the trading today, to close 2.5p or 1.82% higher to 140p....