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(Sharecast News) - London's FTSE 100 was up 0.2% at 7,618.00 in afternoon trade on Tuesday.
Unilever surged to the top of the index after the consumer goods giant added billionaire investor Nelson Peltz - the founder and chief executive of Trian Fund Management - to its board as a non-executive director. Trian owns a 1.5% stake in the company.
Shell and BP gushed higher as oil prices rose after EU leaders agreed to ban 90% of Russian oil by the end of the year.
B&M European Value Retail slumped after it said chief financial officer Alex Russo would be replacing Simon Arora as chief executive and warned that margins would take a hit this year as Britain's cost-of-living crisis hit household budgets.
Royal Mail was also under the cosh after Ofcom said it had launched an investigation into its failure to meet delivery targets.
FTSE 100 - Risers
Unilever (ULVR) 3,716.00p 6.31%
BT Group (BT.A) 190.25p 3.42%
Airtel Africa (AAF) 155.00p 2.11%
British American Tobacco (BATS) 3,519.50p 1.84%
Shell (SHEL) 2,408.50p 1.45%
Harbour Energy (HBR) 383.40p 1.19%
Anglo American (AAL) 3,893.00p 1.12%
BP (BP.) 438.20p 1.08%
Rio Tinto (RIO) 5,797.00p 1.08%
Imperial Brands (IMB) 1,788.00p 1.05%
FTSE 100 - Fallers
B&M European Value Retail S.A. (DI) (BME) 389.30p -15.13%
International Consolidated Airlines Group SA (CDI) (IAG) 128.88p -4.56%
Royal Mail (RMG) 314.60p -4.35%
Persimmon (PSN) 2,168.00p -3.82%
Next (NXT) 6,444.00p -2.57%
Fresnillo (FRES) 789.80p -2.40%
Barratt Developments (BDEV) 502.20p -2.30%
Smurfit Kappa Group (CDI) (SKG) 3,217.00p -2.25%
Rolls-Royce Holdings (RR.) 87.01p -2.22%
Phoenix Group Holdings (PHNX) 637.40p -2.21%