Business

FTSE up after quieter trading day

  • 28 August 2015
  • From the section Business
Trader in London

(Close): London's leading shares closed slightly higher at the end of volatile day at the end of a volatile week.

The FTSE 100 was up 55.91 points, or 0.9%, at 6,247.94, consolidating strong gains made on Thursday.

Satellite company Inmarsat led the way up, rising 4.9% after a rocket launched from Kazakhstan carrying a spacecraft for UK firm.

Elsewhere, energy groups benefitted from a second day of sharp rises in the oil price.

BG Group was up 3.4%, Royal Dutch Shell gained 2.8%, while BP ended the day 2.7% higher.

On the downside, airlines IAG and Easyjet both lost 1.3%.

On the currency markets, the pound was down half a cent against the dollar at $1.5351, and up almost half a cent against the euro at €1.3738.