The FTSE 100 opened at 5,132 today and climbed 0.23% higher in early trading, bolstered by beleaguered oil major BP.
The FTSE 100 lost 40 point in early trading on Thursday as BP shares continued to drop.
The FTSE 100 index rose by 0.7% to 5063.7 points in early trading led by Royal Bank of Scotland, which edged closer to significant asset sales.
UK stocks have tumbled sharply this morning after Fitch labelled Britain's fiscal challenge as "formidable".
Global markets are in freefall today following Wall Street's slide on Friday and on fears over a Greek-style crisis in Hungary.
The UK's leading income managers say investors should remain confident about dividend growth in 2010 and beyond, despite growing fears last week income giant BP, as well as many European players, may be forced to cut or pass payouts.
The FTSE 100 opened higher in early trading by 20.32 points(0.39%) to 5231.50 as investors become more optimistic about prospects for a global recovery.
The FTSE 100 rose 1.48% or 76.18 points to 5,227.50 as sentiment was boosted by a strong showing from Wall Street and Asia overnight.