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FTSE 100 lifted by energy shares | |
(5 months later) | |
(Close): The FTSE closed higher as blue-chip shares built on their strong performance last week. | (Close): The FTSE closed higher as blue-chip shares built on their strong performance last week. |
Saudi petroleum minister Ali Naimi's comments that the oil price would recover spurred a brief rebound in Brent crude to $63 a barrel, before it eased to $60 a barrel. | Saudi petroleum minister Ali Naimi's comments that the oil price would recover spurred a brief rebound in Brent crude to $63 a barrel, before it eased to $60 a barrel. |
Shares in oil giants Royal Dutch Shell and BP rose sharply before closing almost flat. | Shares in oil giants Royal Dutch Shell and BP rose sharply before closing almost flat. |
The FTSE 100 index rose 31.47 points, or 0.5%, to 6576.74. | The FTSE 100 index rose 31.47 points, or 0.5%, to 6576.74. |
Tesco shares were down 2.4% at 181p. The Financial Reporting Council announced on Monday it would be investigating "the preparation, approval and audit" of Tesco's financial statements for the 2012, 2013 and 2014 financial years. | Tesco shares were down 2.4% at 181p. The Financial Reporting Council announced on Monday it would be investigating "the preparation, approval and audit" of Tesco's financial statements for the 2012, 2013 and 2014 financial years. |
Shares in B&Q owner Kingfisher rose 1.8% to 330.1p after the DIY retailer said it had sold a majority stake in its B&Q China business. | Shares in B&Q owner Kingfisher rose 1.8% to 330.1p after the DIY retailer said it had sold a majority stake in its B&Q China business. |
Kingfisher is selling a 70% stake in the business to Wumei Holdings for £140m. | Kingfisher is selling a 70% stake in the business to Wumei Holdings for £140m. |
On the currency markets, the pound slipped 0.03% against the dollar to $1.5622 and fell 0.2% against the euro to €1.2754. | On the currency markets, the pound slipped 0.03% against the dollar to $1.5622 and fell 0.2% against the euro to €1.2754. |