City news.The London market rang up small gains today on the back of a positive update from mobile iant Vodafone and softer oil prices.
Vodafone ticked 2p higher to 123p.
But it was behind British Airways British Airways
in full British Airways PLC
International passenger airline based in London. In 1936 British Airways Ltd. was founded through the merger of three smaller airlines. after the carrier advanced 3pc or 9.75p to 325p as the cost of crude oil retreated from a four-month high, ensuring the FTSE 100 Index FTSE 100 Index
A market-weighted index of the 100 leading companies traded in Great Britain on the London Stock Exchange. The Financial Times was up in early trading.
Investors took news of lower oil production by BHP Billiton in their stride after hurricanes off the coast of the US disrupted the operations of the mining giant in the second quarter.
Record half-year output of certain metals was instead lifting BHP, which rose 11p to 1022p on a good day for the sector with Rio Tinto adding 14p to 2876p.
Elsewhere, retailer WH Smith was ahead by 10p at 412.25p after positive news on margins offset a 5pc fall in same-store sales in the seven weeks to January 21.
And in the last trading day Last Trading Day
The final day that a futures or options contract may trade or be closed out before delivery of the underlying asset must occur.
If the buying and selling parties do not arrange an alternate agreement, the physical commodity must be delivered from for Marconi before the bulk of its operations are acquired by Swedish rival Ericsson, the fallen industrial giant moved 4.25p higher to 394.25p.