Business

FTSE 100 pushes higher as oil rises

Trader in front of FTSE screen Image copyright Getty Images

The FTSE 100 continued to climb on Wednesday, helped by mining and oil shares.

The benchmark index closed 1.19% higher, with Antofagasta up 3.1% and BP up 1.9%. A 0.4% rise in the price of Brent Crude spurred BP shares.

Burberry added 3.2% after it reported healthy sales growth for the three months to 30 June.

Premier Oil jumped 35.1% after it announced a "significant" oil discovery off the coast of Mexico.

Shares in JD Wetherspoon shares ended the day 0.4% higher. The company said that recent good weather had boosted sales at its pubs.

Shares in outsourcing and construction firm Carillion were hammered again, down 26.6%.

Carillion shares have lost more than two-thirds of their value since Monday, when the company warned of a deteriorating financial position.

On the currency markets, the pound gained 0.3% against the dollar to trade at $1.2887.

Against the euro, the pound rose 0.8% to 1.1294 euros.