FTSE 100 makes strong gains

Stockmarket Stock FTSE 450

The FTSE 100 has recorded strong gains on Tuesday, with the oil and energy sector leading the way for the blue-chip index.

At close the FTSE 100 increased by 0.95 per cent to stand at 5849.90.

BP was the biggest riser in the blue-chip index, having seen its shares jump 4.2 per cent after hiking its dividend following strong third quarter results.

Barclays and Resolution also made strong gains with their share prices rising 3.4 per cent and 3.1 per cent, respectively. The biggest faller was United Utilities Group, which has seen its share price fall 2.5 per cent.

Activity on the FTSE 100 was limited following the continued closure of Wall Street as Hurricane Sandy continues to hit the US east coast.

In Europe, the French Cac 40 and the German Dax were up 1.5 per cent and 1.1 per cent, respectively, while the FTSEurofirst 300 was up 0.8 per cent.