Around the World's Markets: LONDON

LONDON

THE FTSE 100 reversed three days of falls to close 0.9 per cent higher, helped mainly by a revival in the fortunes of its two major oil stocks and British Telecom. The blue-chip index finished close to its day highs, up by 61.4 points to 6,680.8, to remain within 100 points of its intraday peak of 6,772.1 set on 3 December.

BP Amoco and Shell accounted for half the FTSE's gains, with the oil giants rising 3.3 per cent and 4.4 per cent respectively.

Market report, page 24