This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-30288959

The article has changed 4 times. There is an RSS feed of changes available.

Version 1 Version 2
FTSE jumps as energy shares rebound FTSE jumps as energy shares rebound
(about 5 hours later)
(Noon): The FTSE 100 remained more than 1% higher at midday, with energy shares climbing following an early recovery in the oil price. (Close): The FTSE 100 closed 1.16% higher, with energy shares climbing on the strength of a recovery in the oil price earlier in the day.
The price of Brent crude, though, was down 1.2% in mid-session trade, at $71.65 a barrel. By the close of trading in London, however, the price of Brent crude was down 0.8% at $71.72 a barrel.
Among energy stocks, Tullow Oil rose 5%, BG Group climbed 2.6% and BP shares were up 2.4%. Among energy stocks, Tullow Oil rose 5.8%, BP shares were up 4.9% and Royal Dutch Shell "A" shares gained 4.1%.
The rebound pulled the FTSE 100 higher, with the benchmark index up 78.9 at 6,735.27. The rebound pulled the FTSE 100 higher, with the benchmark index up 77.47 points at 6,733.84.
Royal Mail shares fell 2.6% after regulator Ofcom said the universal postal service was not under threat.Royal Mail shares fell 2.6% after regulator Ofcom said the universal postal service was not under threat.
Ofcom also said it would not impose new conditions on Royal Mail's competitors.Ofcom also said it would not impose new conditions on Royal Mail's competitors.
Friends Life shares were 3.8% higher after it agreed to be bought by Aviva in a £5.6bn deal. Shares in Aviva rose 1.5%. Friends Life shares were 2.4% higher after it agreed to be bought by Aviva in a £5.6bn deal. Shares in Aviva rose 0.1%.
On the currency markets, the pound fell 0.4% against the dollar to $1.5663 and lost early gains against the euro to stand 0.16% lower at €1.2595. On the currency markets, the pound fell 0.6% against the dollar to $1.5636 and rose slightly against the euro to €1.2623.