UK's FTSE 100 rises on higher energy shares
The UK's FTSE 100 rose on Thursday, supported by a rise in oil and gas shares, while Virgin Money fell on a drop in annual profit. The commodity-heavy FTSE 100 rose 0.1% in early trade, while the mid-cap index slipped 0.1%.
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The UK's FTSE 100 rose on Thursday, supported by a rise in oil and gas shares, while Virgin Money fell on a drop in annual profit.
The commodity-heavy FTSE 100 rose 0.1% in early trade, while the mid-cap index slipped 0.1%. Oil and gas shares climbed 1%, leading sectoral gains, while real estate investment trusts were the top decliner, falling 0.5%.
Virgin Money UK reported a drop in its full-year profit, taking the shares down by 1.2%. Jet2 posted a 19% jump in operating profit for the six months to the end of September. However, shares of the travel company dropped 3.6%.
PZ Cussons said it expects only a minimal surplus cash position remaining in its Nigeria business beyond what is required for trading by the end of its current financial year. The soap maker jumped 1.0%.
Intertek rose 0.7%, to the top of FTSE 100 after the product testing firm confirmed its annual forecast.
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