BP Share News (BP.)

Hopes that Eurozone heavyweights France and Germany will be able to sort out the crisis in the single currency zone have sent shares higher.German chancellor Angela Merkel and French prime minister Nicolas Sarkozy have agreed on a "long-lasting, complete package" to battle the region's ongoing debt crisis, but specific details are still to be revealed."We are determined to do everything necessary to ensure the recapitalisation of Europe's banks," Merkel said. Despite the developments, gains in European markets are likely to be limited by Fitch's move to downgrade its debt ratings for Italy and Spain. Italy was cut one notch from AA- to A+, while Spain's rating was slashed by two notches from AA+ to AA-. The outlook on both of those countries´ ratings is still negative. Premier Foods is among the top performers on the FTSE 250, as its share price attempts to recover from Friday's sell-off. Despite this morning's moderate rise, shares were still nearly 40% lower over the last week. Premier Oil rose strongly after saying that oil production has started at the Chim Sáo field in Block 12W, offshore Vietnam. Heading the other way is recruitment firm Michael Page International, despite gross profits rising 26.5%, as gross profits in the UK rose by just 0.03% in the third quarter.AIM-listed platinum miner Sylvania is in demand after achieving a quarterly platinum group metals (PGM) production record as production rose 12% in the three months to 30 September. Shares in LMS Capital jumped after the investment company said it planned to realise its investments after a disagreement over strategy with chairman Robert Rayne, who wanted the company to be broken up. Rayne and shareholders holding around 35% of the firm's share capital had called for the company to be dismantled. LMS investments include the Texas-based cinema group Rave Reviews and the sewage and drainage company Pims Group. A big mover was caravan and motor home retailer Discover Leisure which sunk over 30% after saying that it is pursuing financing options as its business comes under increasing pressure.FTSE 100 - RisersARM Holdings (ARM) 579.00p +4.42%Burberry Group (BRBY) 1,289.00p +3.95%Anglo American (AAL) 2,421.00p +3.91%Amec (AMEC) 858.00p +3.37%Rio Tinto (RIO) 3,262.00p +3.10%Old Mutual (OML) 110.90p +2.88%Schroders (SDR) 1,352.00p +2.81%BHP Billiton (BLT) 1,919.50p +2.78%Schroders (Non-Voting) (SDRC) 1,125.00p +2.74%Prudential (PRU) 605.50p +2.71%FTSE 100 - FallersImperial Tobacco Group (IMT) 2,151.00p -1.19%British Land Co (BLND) 504.00p -1.18%SSE (SSE) 1,333.00p -0.97%United Utilities Group (UU.) 618.50p -0.96%International Power (IPR) 325.10p -0.88%Centrica (CNA) 306.00p -0.87%Unilever (ULVR) 2,003.00p -0.84%National Grid (NG.) 644.50p -0.77%Land Securities Group (LAND) 688.00p -0.72%Compass Group (CPG) 531.50p -0.65%FTSE 250 - RisersEnQuest (ENQ) 101.00p +7.96%Heritage Oil (HOIL) 245.50p +5.23%Howden Joinery Group (HWDN) 110.30p +4.85%Hochschild Mining (HOC) 471.20p +3.97%Afren (AFR) 85.50p +3.95%Logica (LOG) 82.75p +3.76%Renishaw (RSW) 995.00p +3.75%AZ Electronic Materials SA (WI) (AZEM) 239.10p +3.46%Dixons Retail (DXNS) 12.00p +3.45%Ocado Group (OCDO) 94.00p +3.41%FTSE 250 - FallersInternational Personal Finance (IPF) 232.20p -8.55%Michael Page International (MPI) 346.40p -4.76%Hansen Transmissions International NV (DI) (HSN) 65.90p -2.87%Soco International (SIA) 333.30p -2.06%Regus (RGU) 67.65p -2.03%Britvic (BVIC) 312.80p -1.54%Unite Group (UTG) 167.40p -1.41%Impax Environmental Markets (IEM) 91.45p -1.40%Redrow (RDW) 115.00p -1.29%Berkeley Group Holdings (BKG) 1,201.00p -1.23%