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Energy firms lift FTSE 100 | Energy firms lift FTSE 100 |
(about 5 hours later) | |
(Close): Energy shares helped to lift the market as the price of Brent crude oil held steady near to $80 a barrel. | |
Tullow Oil shares rose 3.6% while BP ticked up 1.2%. Brent crude was trading at $78.78 a barrel, having hit $79.95 earlier in the session. | |
The benchmark FTSE 100 index closed up 37.16 points at 6,709.13. | |
The mood among investors was also boosted by news of a snap election in Japan, bringing hopes of more stimulus measures in the country. | The mood among investors was also boosted by news of a snap election in Japan, bringing hopes of more stimulus measures in the country. |
Confidence was also helped by a survey indicating the first rise in German analyst and investor sentiment for nearly a year. | Confidence was also helped by a survey indicating the first rise in German analyst and investor sentiment for nearly a year. |
The ZEW think tank's monthly survey of confidence rose to 11.5 points in November, well above analysts' expectations. | The ZEW think tank's monthly survey of confidence rose to 11.5 points in November, well above analysts' expectations. |
Shares in Prudential rose 1.1% after the insurer reported a 17% rise in group new business profit to £1.5bn. | |
AstraZeneca shares closed 1.9% higher after its latest trading update. The company, which fought off a bid from US firm Pfizer earlier this year, said its development of new drugs was making good progress. | |
Easyjet shares closed 1.2% lower. The airline reported a 21% rise in full-year profits to £581m for the 12 months to end of September. | |
On the currency markets, sterling rose 0.06% against the dollar to $1.5651 but fell 0.6% against the euro to €1.2483. | |