London open: BP leads the rise, Footsie above 5,500

The Footsie jumped above the 5,500 mark in the opening minutes, a level not seen since early August, on the back of hopes that Eurozone leaders are working hard to solve the region's debt crisis.STOCKS UP ON EUROZONE HOPESFollowing the weekend meeting of G20 leaders in Paris, the markets will now be looking ahead to a crucial EU summit on 23 October, with Chancellor of the Exchequer George Osborne calling for leaders to take "impressive" action to solve the ongoing debt crisis in the Eurozone."We have heard from eurozone colleagues the action they are working on, but I think they will have left Paris under no misunderstanding that there is a huge amount of pressure on them to deliver a solution to the crisis," Osborne told reporters. "It remains the epicentre of the world's current economic problems. And the European Council is clearly the moment when people are expecting something quite impressive."Meanwhile, the European Commission is expected to announce a new jobs plan worth €50bn through the investment in digital, transport and energy networks across the continent. "Infrastructure finance in Europe has suffered since the financial crisis and banks face new constraints on long term lending. Project bonds could be a way to attract capital from other investors, such as pension funds and insurance companies, and be a useful addition to traditional financing options," said EIB president Philippe Maystadt.BP LEADS THE RISEBP rose over 5% in the opening minutes after it reached agreement with Anadarko Petroleum to settle all claims between the companies related to the Deepwater Horizon accident. Anadarko, which had a 25% interest in the Macondo prospect, will pay BP $4bn in a single cash payment. BP will apply the payment to the $20bn trust it established that is available to meet individual, business and government claims, as well as the cost of the natural resource damages. Anadarko will also transfer all of its 25% interest in the MC252 (Macondo) lease to BP. BP has awarded engineering and project management services (EPMS) firm AMEC with £150m contract to provide EPMS for its "giant" Clair oil field.Heading the other way was G4S which lost over 11% of its market value after announcing plans to create the world's largest security and facilities services group with the huge £5.2bn purchase of ISS. The transaction will be funded through a combination of new debt facilities and a seven for six rights issue at a price of 122p, a hefty discount to Friday's closing price of 275.2p, which will raise around £2bn.UK banks, whose market movements have been sensitive to the ongoing problems in the Eurozone, were in demand this morning, with Royal Bank of Scotland and Barclays among the top ten performers.The miners were also in demand, with Eurasian Natural Resources Corp, Xstrata and Vedanta on the rise. Sector peer Rio Tinto was higher after announcing the reorganisation of its Aluminium product group that will include the sale of 13 assets at some point in the future. BCFTSE 100 - RisersBP (BP.) 437.70p +5.12%Royal Bank of Scotland Group (RBS) 25.31p +4.33%Eurasian Natural Resources Corp. (ENRC) 687.00p +3.70%Aviva (AV.) 350.00p +3.24%Man Group (EMG) 162.70p +3.24%Xstrata (XTA) 1,002.50p +2.92%Vedanta Resources (VED) 1,247.00p +2.80%Barclays (BARC) 180.75p +2.67%Essar Energy (ESSR) 289.40p +2.62%Kazakhmys (KAZ) 923.50p +2.61%FTSE 100 - FallersG4S (GFS) 249.90p -11.48%Tesco (TSCO) 408.50p -0.12%GlaxoSmithKline (GSK) 1,378.00p 0.00%Morrison (Wm) Supermarkets (MRW) 304.80p +0.03%Sainsbury (J) (SBRY) 298.80p +0.03%SSE (SSE) 1,353.00p +0.07%Shire Plc (SHP) 2,065.00p +0.15%AstraZeneca (AZN) 3,007.50p +0.17%Imperial Tobacco Group (IMT) 2,213.00p +0.18%Next (NXT) 2,615.00p +0.19%FTSE 250 - RisersPremier Foods (PFD) 4.80p +6.67%Aquarius Platinum Ltd. (AQP) 204.70p +4.12%SIG (SHI) 99.95p +4.06%Petropavlovsk (POG) 707.00p +3.89%Thomas Cook Group (TCG) 51.15p +3.79%Soco International (SIA) 346.20p +3.71%Afren (AFR) 93.85p +3.70%Ashtead Group (AHT) 157.70p +3.55%EnQuest (ENQ) 107.00p +3.38%Laird (LRD) 149.80p +3.31%FTSE 250 - FallersSports Direct International (SPD) 220.60p -4.09%UK Commercial Property Trust (UKCM) 76.35p -1.80%Big Yellow Group (BYG) 263.80p -1.68%F&C Asset Management (FCAM) 62.00p -1.27%African Barrick Gold (ABG) 538.50p -1.19%JD Wetherspoon (JDW) 418.20p -1.16%Dunelm Group (DNLM) 476.40p -1.08%Tullett Prebon (TLPR) 362.60p -1.06%Restaurant Group (RTN) 285.10p -0.83%St James's Place (STJ) 337.20p -0.77%