BP Plc shares rose for a second day to push the UK FTSE 100 index back to a record high after the oil giant on Tuesday pledged to hand more cash back to shareholders.
The stock rose as much as 3.4% to 533.7 pence on Wednesday, adding to an 8% rise in the prior session. Tuesday’s gain was the biggest for BP’s stock on any quarterly results day for at least a decade, according to data compiled by Bloomberg.
The FTSE 100 was called to open 18 points higher at 7,903.
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