- The FTSE 100's positive momentum was supported by higher oil prices, which lifted two of the blue-chip benchmark's largest companies, BP (BP.) and Royal Dutch Shell (RDSB).

Brent crude oil jumped 2.2% to $77 per barrel, pushing shares in BP 2.5% higher to 573.5p, while Shell gained 2.3% to £26.87.

The FTSE 100 closed 0.7% higher at 7,689.


Wall Street bounced backed from investor jitters over political turmoil in Italy.

The Dow Jones made the biggest gains, up 1% at 24,602 around 4:45pm UK time.


Royal Bank of Scotland (RBS) announced its chief financial officer Ewen Stevenson has resigned to take up an opportunity elsewhere. Its shares fell 1.4% to 276.1p.

Shares in heat treatments supplier Bodycote (BOY) rose 7% to 989.5p on the news that headline operating profit is expected to beat market expectations.

Pharma giant AstraZeneca (AZN) revealed its Terranova Phase III trial for chronic obstructive pulmonary disease failed to meet its primary endpoint. The stock nudged 1.2% higher to £54.65.

Discount retailer B&M European Value (BME) reported a 25% rise in annual profit, but its shares struggled to gain momentum as investors worried the company might struggle in the challenging retail sector.

Photobooth owner Photo-Me (PHTM) crashed 26.5% to 111.2p on a profit warning as the company performed poorly in Japan due to intense competition.


Digital media group Falcon Media House (FAL) plummeted 53.7% to 1.2p on its decision to apply to the Financial Conduct Authority to seek a delisting from the Main Market.

Investors focused on a 75% rise in reported operating profit and retained dividend at bank note manufacturer De La Rue (DLAR), lifting the shares 3.4% to 520p.

Shares in Derriston Capital (DERR) were suspended after agreeing terms to acquire S4 Capital and appointing ex-WPP (WPP) boss Sir Martin Sorrell as executive chairman.

Story provided by