FTSE Close: London stocks mostly up as oil recovers

London shares closed mainly higher on Thursday as oil prices rebounded during subdued Thanksgiving trading.

The FTSE 100 finished up 14.07 points, or 0.2%, at 7,483.58. The FTSE 250 closed virtually unchanged at 18,480.83, while the AIM All-Share rose 0.2% to 718.08.

Quality inspector Intertek led gains in the FTSE 100, rising 3.3% after affirming its full-year outlook alongside a trading update. Oil giants BP and Shell also climbed over 1% each as crude prices recovered above $80 a barrel. Vodafone however dropped 5.2% despite announcing plans to use less energy for its 5G network in Germany.

In the FTSE 250, Virgin Money UK sank 6.3% after profits halved, although it declared a final dividend of 2p. Meanwhile, Avon Protection surged 11% as directors purchased shares.

On AIM, Jersey Oil & Gas jumped 21% after agreeing to sell 30% of licenses in the Greater Buchan Area of the North Sea to Serica Energy. Jersey’s CEO called it “exceptional value.”