Aviva and BP news settles FTSE

A reassuring trading update from insurer Aviva and better-than-expected results by oil major BP helped settle stock market nerves today.

Aviva and BP news settles FTSE
Tue, 28 Oct, 2008 - 17:21

A reassuring trading update from insurer Aviva and better-than-expected results by oil major BP helped settle stock market nerves today.

The FTSE 100 Index briefly climbed above the 4000 barrier before closing 39.5 points higher at 3892.1 – a gain of 1% and the first positive session since Thursday.

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