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Evening Standard

Business

City Staff

FTSE 100 Live: Index climbs, Oil giants and Metro Bank shares under pressure, Imperial Brands in £1bn buyback

Imperial Brands Metro Bank Oil British Petroleum Shell

Pressure on shares of oil majors BP and Shell continued today after yesterday’s big fall in the Brent Crude price.

The oil benchmark’s 5% retreat came in a volatile week for markets on speculation that interest rate expectations will stay higher for longer.

In today’s developments, shares in Imperial Brands rebounded on plans for a £1.1 billion buyback while Metro Bank was hit by heavy selling.

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