A US Government report showing oil provides an increase in the last week and expectations that the OPEC countries are set to increase production to offset the loss of production in Libya, helped shares in the airline.
International Airlines Group (AIG), the company created from the merger of British Airways and Iberia, develop 4 to 232.6 p. Analysts said good results from Cathay Pacific has also acted as a positive indicator for the whole of the air transport sector.
While it may be good news for those of us Jet for fun in the Sun, he did not help oil producers. BP has fallen 8.75-485 p, as tullow Oil fell 47 percent to £ 14.13 to lead the losers of the FTSE 100.
Tullow fell after he did not meet the expectations of analysts despite an increase in 360pc in profits before tax declaration. The city was expecting profits of approximately 192 m $, but the company succeeded 152 m $.
Analysts also fear that Tullow is still awaiting final approval to start a project of $billion in Uganda. "We are at the stage now where all the main points have been agreed so we are just finalizing the documentation," said Chief Executive Aidan Heavey.
Phil Corbett, an analyst with RBS, said: "there is no precise timetable [to receive the approval of the Government of Uganda] which may be one of the reasons why the sharesfell." They were also disappointed on their results as well. »
Tobacco stocks were under pressure after the Government announced that it will force all retailers to keep cigarettes under the counter in April 2015.
british american tobacco, which makes cigarettes Dunhill and Lucky Strike, was second to bottom place in the FTSE 100, down 70½p at £ 24,36. The company is one of a string of companies to go ex-dividende on Wednesday.
"We are disappointed that Government did not properly into account the views of the tens of thousands of small retailers across the country who are concerned about the shop expensive refits, losing trade to large supermarkets and the black market."especially in a context of economic slowdown "said a spokesman of the bat.
However, Imperial tobacco, which collects a fifth of its revenue, to the United Kingdom saw its shares reach £ 19.78 66 p. The company, which Lambert & Butler, Embassy and John Player among its brands, had come under pressure earlier in the week when rumours of the hard-hitting proposals arrived to light.
Rolls-Royce WINS 19 p 619.5 after the aircraft engine manufacturer and Daimler, the German car manufacturer, announced joint plans to bid MD €3 (£ 2. 7bn) for the German manufacturer of engine and turbo Tognum.
Howard Wheeldon, a strategist at BCG partner, said: "Rolls-Royce is very rich at this time." "We wanted to see an acquisition and it is a logic".
Guy Brown, an Evo Securities analyst, said the agreement would be "further consolidate" Rolls position in the marine and energy markets.
Overall, the index FTSE 100 closed 37.46 points to 5,937.3. The FTSE 250 lost 13.32 points 11,730.2 points.
Restaurant Group was the highest place among the midcaps after the company behind the Frankie & Benny chains, Garfunkels and Chiquito reported increased 12pc year-round adjusted 56 m operating profits of £. It also pleased investors by announcing a rebound in the new year sale following disruption of snow in December.
John Beaumont, an analyst with Matrix Group, said: "we see the Group of decent restaurants as a quality with brands, well managed and, with the non-high street exhibition, it allows to avoid the fiercest competition. The shares closed up 26.3-306 p.
Yule catto was the biggest loser FTSE 250 after the rubber gloves manufacturer warned it's to be pressed by rising prices of raw materials, notably oil. James Tetly, Brewin Dolphin analyst, said: "the majority of the raw materials of Yule is in some way linked oil, and the recent escalation in the price of oil is therefore a concern".
The shares dropped 18.7 to 209 p despite the company, which was founded by Andrew Yule of Calcutta in 1863, better than expected profits of the reporting year. Profit before taxes reached £ 57. 8 m, compared to £ 7. 1 m in 2009.
Hargreaves lansdown has had a good last flourish in the FTSE 250 before his promotion to the index of trader in the quarterly reshuffle which comes into force Monday.
Shares of the company, founded and still 52pc owned by founders Peter Hargreaves and Stephen Lansdown, closed until 21 to 635 p after the strong demand of tracker Fund. Traders believe that trader trackers will be forced to buy all 9 m shares of the company closely.
ITV and wood Group, who are also promoted, has won 1 to 91 percent and lost 11½ to 655 p, respectively.
Bunzl, Alliance Trust and African Barrick Gold, societies relegated the bluechips in the midcaps, has acquired 10 to 734 p, 1.1 lost to 358 p and lost 12 to 535½p.
hansen Transmissions, up to 1.3-43 p, McBride, down from 0.7 to 140 p and Sportingbet, down 0.5 to 46.6 p p, are all to be relegated from the FTSE 250.
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