Popular News From Popular Sites: Gains in oil stocks and Shire lift FTSE

Tuesday, October 21, 2014

Gains in oil stocks and Shire lift FTSE

Workers speak above an electronic information board at the London Stock Exchange in the City of London By Sudip Kar-Gupta LONDON (Reuters) - Gains in major oil companies and drugmaker Shire helped Britain's top equity index extend its rebound on Tuesday after falling to 15-month lows last week. Advances of around 2 percent in both BP and Royal Dutch Shell added the most points to the blue-chip FTSE 100 index , as the energy sector was buoyed by stronger oil prices. Brent crude oil , which had fallen to four-year lows last week, held onto gains at around $86 a barrel after data showed robust oil demand in China, the world's largest energy consumer. ...




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