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| FTSE recovers early losses as rouble fall is stemmed | |
| (5 months later) | |
| (Close): London's benchmark index, the FTSE 100, closed marginally higher on Wednesday, gaining 4.65 points in late trading to close at 6336.48. | (Close): London's benchmark index, the FTSE 100, closed marginally higher on Wednesday, gaining 4.65 points in late trading to close at 6336.48. |
| The FTSE had fallen earlier in the day, with investors concerned about the continued plunge of the rouble. | The FTSE had fallen earlier in the day, with investors concerned about the continued plunge of the rouble. |
| However the index strengthened on news of the Russian central bank's pledge to provide additional capital to the country's banks, if necessary. | However the index strengthened on news of the Russian central bank's pledge to provide additional capital to the country's banks, if necessary. |
| Figures showing a rise in UK wage growth also cheered investors. | Figures showing a rise in UK wage growth also cheered investors. |
| The price of Brent Crude oil, which has been falling for weeks, recovered by almost 4% late on Wednesday, reaching $62.32 a barrel. | The price of Brent Crude oil, which has been falling for weeks, recovered by almost 4% late on Wednesday, reaching $62.32 a barrel. |
| Shares in oil firms Tullow Oil, BP, and BG Group all rose more than 3% as a result, with Royal Dutch Shell 'B' rising by 2.9%. | Shares in oil firms Tullow Oil, BP, and BG Group all rose more than 3% as a result, with Royal Dutch Shell 'B' rising by 2.9%. |
| Meanwhile British Airways owner IAG fell by 4%. | Meanwhile British Airways owner IAG fell by 4%. |
| Dixons Carphone rose 3% after it reported a 30% rise in underlying half-year profits. | Dixons Carphone rose 3% after it reported a 30% rise in underlying half-year profits. |
| The firm, which owns the PC World and Currys chains as well as Carphone Warehouse, said its UK and Ireland business had enjoyed a "barnstorming performance". | The firm, which owns the PC World and Currys chains as well as Carphone Warehouse, said its UK and Ireland business had enjoyed a "barnstorming performance". |
| All eyes will be on the US Federal Reserve later when it announces the results of its latest meeting. | All eyes will be on the US Federal Reserve later when it announces the results of its latest meeting. |
| There is speculation that the US central bank will end its commitment to keep interest rates low for a "considerable period", suggesting a rate rise is moving closer. | There is speculation that the US central bank will end its commitment to keep interest rates low for a "considerable period", suggesting a rate rise is moving closer. |
| On the currency markets, the pound fell 0.55% against the dollar to $1.5664 and rose 0.16% against the euro to €1.2609. | On the currency markets, the pound fell 0.55% against the dollar to $1.5664 and rose 0.16% against the euro to €1.2609. |