Aberdeen-based John Wood Group sells its industrial services business to German firm Kaefer for up to £91m.Read more
The John Wood Group led the FTSE 100 risers today.
Shares in the Scottish oil giant climbed 8.47% to 366.10.
Other shares in the blue chip index seeing a healthy gain included:
- Saga, up 6.98%
- SDL 6.64%
- NMC Health 5.66%
- Glencore 4.67%
- Smurfit Kappa 4.63%
- Hunting 4.28%
The FTSE 250 index is down just 10 points at 19,475.84.
Among the fallers are iron ore pellet producer Ferrexpo which has delayed its full-year results and is down 9% while Polypipe, which reported results earlier, is also down 8%.
Oil field company Wood Group is also lower, off 7.5%, after being hit by a slower recovery than expected in the oil and gas sector.
Among the risers are Kier, after it named a new chief executive, and Softcat, which reported a 40.4% rise in half year operating profits to £33.9m
The FTSE 100 ended the week on the up, closing 1.28% ahead at 6,789.74.
John Wood Group, the oil services business, finished the day at the top of the blue chip risers, with its share price up 4.42% at 628p.
A production cut by OPEC and its allies sent oil companies to the top of both indexes.
On the FTSE 250, Premier Oil's share price rose 14.75% to 75.85, followed by Tullow Oil, up 7.4% at 189.6p and Cairn Energy, ahead 4.8% at 167.7p.
An earlier statement by Primark that it had experienced a "challenging November" meant that its parent company, Associated British Foods, was the biggest faller on the FTSE 100.
Its share price fell 4.6% at £22.42.
The FTSE 250 ended 0.51% higher at 0.51% at 17,844.11.