UK’s blue-chip FTSE 100 climbed to its highest level in more than a week, as strong gains in energy and financial stocks offset worries about a decline in Britain’s economy.
The FTSE 100, which houses major export-oriented firms, rose 0.3%, while the more domestically-oriented FTSE 250 added 0.1%.
The energy sector climbed 0.6% tracking oil prices that rose on tight crude stocks in the US, the world’s largest crude oil importer.
Banks added 0.3% by 8:08 GMT.
Britain’s economic activity shrunk by a bigger-than-expected 0.3% in the third quarter, as declines in manufacturing and construction dragged the headline gross domestic product figure down.
UK’s FTSE 100 climbs on boost from energy firms, retailers
Among the losers, the real estate sector fell 0.1%.
In company news, gas production at Shell’s Prelude floating liquefied natural gas site off Western Australia was suspended following a small fire. But, the oil giant added 0.6%.
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