London’s blue-chip index followed global stocks higher yesterday after Hurricane Irma was downgraded to a tropical storm and fears over geopolitical tensions with North Korea started to subside.
The FTSE 100 rose nearly 0.5%, or 35.99 points, to 7,413.59 points, but was surpassed by its European peers including the French Cac 40 and German Dax which ended the day higher by 1.2% and nearly 1.4%, respectively.
BP rose 3p to 449.1p after the oil giant announced plans to float its US pipeline assets on the New York Stock Exchange.
The oil major said the filing with the US Securities and Exchange Commission would lead to
an initial public offering of BP Midstream Partners in the fourth quarter of this year.
Petra Diamonds tumbled 5.1p to 84.85p after the firm suspended operations at a Tanzanian mine following a government investigation into the diamond market, and infrastructure group Carillion fell 0.71p
to 43.16p after a string of senior management changes.
Recommended for you
Read the latest opinion pieces from our Energy Voice columnists
- Opinion: Accountants are the next big thing in renewable energy
- Opinion: The $10 trillion resource North Korea can’t tap
- Opinion: Onshore decommissioning needs a coordinated port plan
- Opinion: How do you use oil’s wealth to build a sustainable future?
- Opinion: Powertrain Wars – Battery or Fuel Cells?