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

Muted response as Labour names Grimsby Town FC co-owner next investment minister

Muted response as Labour names Grimsby Town FC co-owner next investment minister

After the sudden exit of Poppy Gustafsson last week

Eve Maddock-Jones
clock 08 September 2025 • 2 min read
Hargreaves Lansdown and Schroders to launch double LTAF offering

Hargreaves Lansdown and Schroders to launch double LTAF offering

From next week

Eve Maddock-Jones
clock 08 September 2025 • 2 min read
Darius McDermott: Complacency at the peak

Darius McDermott: Complacency at the peak

'Markets to hit new highs, while credit spreads are at multi-decade lows'

Darius McDermott
clock 08 September 2025 • 5 min read