Business · 2 hours ago
UK shares head for weekly gains as oil prices retreat
The FTSE 100 rose 0.41% to 10,723.98 points by Friday morning, putting major stock indexes on track for their second consecutive weekly rise. Banks and mining shares led the gains as crude oil prices pulled back, while British consumer confidence hit a two-year high. Genel Energy also boosted its cash offer for Capricorn Energy to $436 million, helping lift the producer's shares by 12.4%.
Reported by Reuters · How we write briefs