View more on these topics

FTSE 100 extends post-Xmas rally

The FTSE 100 held on to gains from its last session opening over 20 points higher today at 4,339.95 with continued strength from oil and mining stocks.

By 12.35pm, the UK benchmark index had risen 1.02 per cent to 4,363.55 as the price of crude oil held steady, helping the performance of BP which gained 7.25p to 521,50p and Heritage Oil which gained 9.25p to 207p per share.

Miners extend their rally with BHP Billiton gaining 2.09 per cent to 1,266p. Xstrata and Rio Tinto delivered a strong performance in early trades but by 12.35pm had dropped back 1p to 631,50p and 17p to 1,433p respectively.

Investors remain cautious on financial stocks, particularly those who dominated credit crunch column inches in 2008. HBOS drags on the blue chip index, down over 3 per cent to 67,90p with news that pension trustees are attempting to delay its planned merger with Lloyds TSB. By 12.35pm, Lloyds was also down 3.12 per cent to 124p and Barclays had fallen 0.80 per cent to 149,10p.

Recommended

In Focus Ebola cover - thumbnail

White paper — In Focus: Ebola Virus Disease

Jelf Employee Benefits focuses on Ebola Virus Disease (EVD) and what this means for businesses with operations in West Africa. This will be of particular interest to those with employees either travelling to, or living within, West Africa, the area affected by the most catastrophic outbreak of Ebola to date.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com