FTSE 100 up 0.2, FTSE 250 off 0.2
Ofgem raises energy price cap
Resourceslinked stocks lead gains

Nov 23 Reuters The UK39;s FTSE 100 rose on Thursday, snapping a threeday losing streak, supported by a jump in energy shares, while mining stocks climbed as prices of both gold and copper rose.

The commodityheavy FTSE 100 was up 0.2 by 918 GMT, while the midcap index slipped 0.2.

Shares of industrial metal miners gained 0.5 following an uptick in copper prices, with Antofagasta up 1.2, leading gains on the FTSE 100.

Precious metal miners rose 0.1 as gold prices were up after a weaker U.S. dollar and lower Treasury yields buoyed demand for bullion.

Oil and gas shares climbed 0.8, leading sectoral gains, with heavyweight BP adding 1.1.

Travel and leisure stocks were the top decliners, falling 0.9.

PZ Cussons said it expects only a minimal surplus cash position remaining in its Nigeria business beyond what is required for trading by the end of its current financial year. The soap maker39;s shares were up 1.3.

Jersey Oil Gas shares surged 30.7 after the independent upstream energy company agreed to farmout a 30 interest in the Greater Buchan Area licences to Serica Energy.

Meanwhile, most British households will face higher energy bills from January after regulator Ofgem increased its price cap by 5 to reflect a rise in wholesale energy prices.

Higher prices will add to pressure on the squeezed UK consumer over the highusage winter months, threaten the recent…