London shares buoyed by Wall Street

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FTSE 100 Index

Last Updated at 19 Dec 2014, 11:36 ET *Chart shows local time FTSE 100 intraday chart
value change %
6545.27 +

Top winner and loser

Tullow Oil

424.20 p +

TUI AG Reg Shs (Post- 16/12/14)(DI)

1073.00 p -
value change %

FTSE 250 Index

15888.91 +

FTSE 350 Index

3578.71 +

FTSE All Share Index

3515.70 +

FTSE Techmark Index

3459.05 +

(Close): London's benchmark index continued to move higher on Friday, following Thursday's 2% jump.

The FTSE 100 closed up 1.2%, or 79 points at 6,545.27, with Europe's other main stock markets also rising.

Tesco shares were amongst the biggest gainers, up by 5%, boosted by a positive analyst note.

John Wood, the energy services group, dropped 1%, despite former boss Ian Wood saying fears of a collapse in North Sea oil industry were overdone.

The price of oil was up 1.3% for Brent at $60.58.

Still in the energy sector, Tullow Oil shares were up nearly 7%, reversing an earlier fall of almost 2%.

Global markets have pulled out of their recent slump after the US Federal Reserve reassured that it will take a patient approach to raising interest rates.

On Thursday that pushed the Dow Jones up by 2.4%, its biggest one-day surge in three years.

For the week, the FTSE 100 closed up 3.9%, adding £62bn in value to London's top 100 listed firms. However, it still did not recover from last week's slump, when it saw its worst week in three years.

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