FTSE 100 rebounds with help from energy stocks, British Airways parent

London's FTSE 100 rose on Friday, a day after it hit its lowest in a month, as an uptick in oil prices lifted energy stocks, while British Airways-owner IAG rose to the top of the index on strong quarterly results. The blue-chip index rose 0.5% and the mid-cap FTSE 250 index gained 0.2%, as of 0709 GMT.

London's FTSE 100 rose on Friday, a day after it hit its lowest in a month, as an uptick in oil prices lifted energy stocks, while British Airways-owner IAG rose to the top of the index on strong quarterly results.

The blue-chip index rose 0.5% and the mid-cap FTSE 250 index gained 0.2%, as of 0709 GMT. The oil and gas sector rose 1.8%, with firm crude prices and a weaker dollar supporting gains.

IAG added 5.5% after lifting its 2023 profit forecasts on strong travel demand for the summer and beating first-quarter performance expectations. IHG Plc lost 2.5% after the Holiday Inn owner said CEO Keith Barr will step down on June 30, with the company's Americas CEO Elie Maalouf set to succeed him.