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Article: BP pumps up the market but banks see all-round slide; MARKET REPORT.(Business)
- Article from:
- The Birmingham Post (England)
- Article date:
- October 28, 2009
CopyrightCOPYRIGHT 2009 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Good third-quarter results from oil major BP helped offset hefty bank share falls on the London market.
BP shares closed up five per cent despite a fall in profits, helping other heavyweight oil groups make ground.
The FTSE 100 Index held firm in positive territory to close 9.2 points higher at 5,201, with the Dow Jones Industrial Average on Wall Street also in better shape following Monday's selloff. British blue-chip BP was the centre of attention after ...