The FTSE 100 sunk to its fourth losing session in a row today as under-fire BP took another tumble into the red and US growth figures disappointed.

London’s blue chip share index powered on to a new 10-month high today as its 25-year record-breaking summer rally showed no sign of slowing.

The FTSE 100 Index held on to its New Year rally today as retail cheer helped offset more bad news for the economy.

London’s leading shares closed in positive territory today after drawing encouragement from a burst of activity on Wall Street.