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Earnings tonic boosts FTSE 100 as oil falls back
['Jeremy Cutler', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
The FTSE 100 index closed up 89.27 points at 10,871.02 (PA) (PA Archive)The FTSE 100 made strong progress on Tuesday, buoyed by positive earnings and a drop in the oil price, which helped shrug off worries sparked by a chip sector sell-off in Asia.
The FTSE 100 index closed up 89.27 points, 0.8%, at 10,871.02.
The FTSE 250 ended up 106.68 points, 0.5%, at 24,004.78, while the AIM All-Share closed down 3.75 points, 0.5%, at 767.94.
In London, well-received earnings from Unilever, Croda and GSK spurred gains on the blue-chip FTSE 100, although a "messy" print from lender Barclays saw it lead the fallers.
London-based pharmaceuticals maker GSK reported core operating profit of £2.80 billion in the quarter ended June 30 compared with £2.63 billion the year prior.