Energy companies boost FTSE 100
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(Close): The market rose in Tuesday trade, with shares in energy-related companies climbing despite the weak oil price.
However, oil prices remained weak, with the price of Brent crude dropping to near $53 a barrel.
Sainsbury's shares jumped initially after the release of its latest update but ended up in negative territory.
The supermarket reported a 1.9% drop in like-for-like fourth quarter sales, the fifth consecutive quarterly decline.
Shares in Sainsbury's jumped 2% as the market opened, but then slid back to stand 0.8% lower at the close of trading.
Antofagasta shares fell 2.8% after the mining company reported a fall in half-year earnings.
Among the smaller firms, Just Eat shares rose 0.5% after the online marketplace for takeaway food reported a strong rise in revenues.
The company said revenues in 2014 hit £157m, up 62% on the year earlier.
Shares in fashion retailer French Connection dropped 10.9%, despite it reporting a smaller annual loss.
The underlying operating loss of £0.8m compared with a deficit of £4.4m a year earlier.
Chairman and chief executive Stephen Marks said the results "show that we have made another step towards returning French Connection to profitability".