News that Russia has called a halt to military operations in Georgia after five days of fighting has given a lift to leading shares.
The FTSE 100 has recovered its early losses and is now 19.8 points higher at 5561.6, even though US futures are suggesting a slight dip when Wall Street opens later this afternoon.
Miners are still weaker on falling metals prices, with Kazakhmys 53p lower at £11.81, while another decline in the crude price has hit oil groups. Wood Group is now the leading falling in the FTSE 100, down 17p to 378.25p, and Tullow Oil has lost 28p to 672p.
Among the risers Intercontinental Hotels is up 63.5p to 814p after well received half year figures, and ITV is holding onto its takeover inspired gains, up 3.9p at 51.5p.
