Rise in oil price ends FTSE back over 4500 points

clock

The FTSE 100 index has closed up over the 4500 level again after rallying throughout the day on the back of strong trading for Cadbury Schweppes and oil firms.

Cadbury, the confectioners and drinks manufacturer, gained 10.75p or 2.5% to 445.75p to push the FTSE 100 up 26 points or 0.6% to 4515.8 while the FTSE All-Share added 11.33 points or 0.5% to 2256. BP, Europe's largest oil company, closed the day at a 19-month high of 490.25p having closed up 8p or 1.7%. Its rival Shell Transport, which owns 40 percent of Royal Dutch/Shell Group, also added 8.5p or 2.3% to 378p, thanks to a rise in the Brent crude price in London to $33.46 a barrel. Cadbury, the world's third-largest maker of soft drinks, climbed 10.75 pence, or 2.5 percent, to 445.75...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Why the bull market in precious metals may be starting again

Why the bull market in precious metals may be starting again

Silver and gold again – who would have thought it?

Paul Wood
clock 20 May 2026 • 2 min read
Omnis Investments launches passive range for Openwork and 2plan advisers

Omnis Investments launches passive range for Openwork and 2plan advisers

L&G to run day-to-day investment management

Patrick Brusnahan
clock 19 May 2026 • 2 min read
Digital bank Zopa gains targeted support authorisation

Digital bank Zopa gains targeted support authorisation

Receives regulatory approval for investment products

Sophia Panayi
clock 19 May 2026 • 1 min read