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FTSE 100 index was up 49.24 points, 0.5%, at 10,370.33.
BP's first-quarter profit exceeded expectations due to stronger oil prices, boosting its shares by 2.7%.
KEY POINTS
- Retail data shows UK grocery inflation slowed to 3.8% in April, the lowest in a year.
- IQE shares dropped 24% after raising GBP513 million at 19.8 pence per share via equity offering.
- Mila Resources saw shares jump 21% after reporting its highest-grade gold intercept at Yarrol project.
- Telecom Plus forecast annual pretax profit at the low end of guidance, citing reduced energy usage.
COMPANIES
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