London shares moved higher in early trading, reacting to overnight gains in the US which benefitted from the successful IPO of social networking powerhouse LinkedIn.
The FTSE 100 climbed 0.18% at opening to 5,967 points, with BP the main winner - up 2.4% to 458.65p. The UK's gains follow rises in the US where the S&P 500 gained 0.22% to close at 1,344, and the Nasdaq rose 3%. US markets were enthusiastic about the listing of social media group Linkedin, with investors snapping up shares in their droves. From an initial price of $45 per share, the stock closed the day up 109% at $93. Elsewhere the news was less favourable, with Asian markets lower and acting as a drag on the UK in early trading.
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