London shares surge in opening deals

Leading shares were surging in opening deals, with the FTSE 100 testing the 3,900 point barrier as tobacco and oil stocks advanced, while positive news from Oracle overnight aided second-line technology stocks, dealers said. At 8.59 am, the FTSE 100 index was up 67.9 points to 3,903.1, having earlier touched a high of 3,907.2.

All other indices were sharply higher, with the FTSE all-share jumping 28.80 to 1,875.91.