FTSE CLOSE: BP boss to retire; UK stocks lift after deep rout

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FTSE CLOSE: US jobs report lifts mood; BP’s Bob Dudley confirms he will step down; Watchdog takes on insurance market; Helena Morrissey leaves L&G

  • The FTSE 100 closed up 1.10%, or 77.74 points, at 7,155.38 
  • Bob Dudley, boss of oil giant BP, will retire from the company next year  
  • Helena Morrissey is leaving Legal & General Investment Management this month
  • Six million people paying too much for home or motor insurance, FCA has found  

Yesterday, markets suffered a second day of declines, amid further evidence the global economy is cooling down.  

But today, a mixed US jobs report helped lift sentiment, with the FTSE 100 closing more than 1 per cent higher.  

In company news, Bob Dudley, the chief executive of oil giant BP, has become the fifth FTSE boss this week to reveal plans to step down. 

Meanwhile, City star Dame Helena Morrissey is leaving Legal & General Investment Management after less than three years as its head of personal investing to ‘pursue other opportunities’.  

At the open: The FTSE 100 was in the green at the open today, up 0.2% at 7,090.92

At the open: The FTSE 100 was in the green at the open today, up 0.2% at 7,090.92

 

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