Analysts stating oil company share prices still lag crude oil prices have helped the FTSE higher by about 29 points to 4,488.
Man Group leads the gainers, up 24p to 1,347p as investors bet its short positions will flow through into improved fund performance as stock markets struggle with higher energy prices. BP is up 8.75p to 501.5p on the oil price analysis. Shell is up 5.75p to 411.25p. Unilever is up 6p to 482p after French cosmetics maker L’Oreal reported strong sales in emerging markets such as China and Russia. More disposable income spent on beauty and household products could boost earnings for the Anglo-Dutch conglomerate. British Airways is down 1.75p to 222.25p on fears strong support for h...
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