Footsie recovers from the impact of Hurricane Sandy
London's FTSE 100 Index powered nearly 1% higher as hefty gains from BP helped it overcome a second day of trading being suspended in storm-ravaged New York.
London's FTSE 100 Index powered nearly 1% higher as hefty gains from BP helped it overcome a second day of trading being suspended in storm-ravaged New York.
As the FTSE 100 closed, the New York Stock Exchange (NYSE) and Nasdaq confirmed they would reopen on Wednesday following the two-day closure after Hurricane Sandy ripped through the East Coast of America.
It is the first time since 1888 that the NYSE remained closed for two sessions in a row due to the weather, but a 4% hike from oil giant BP helped the Footsie shrug off the uncertainty - closing up 54.8 points at 5849.9.
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
