Price: 1,213.50

Chg: -20.50

Chg %: -1.66%

Date: 17:02

Price: 6,815.75 Chg: -4.81 Chg %: -0.07% Date: 17:10

Attention has turned to oil and gas companies following South Korean state-run oil company KNOC’s hostile 18 a share cash bid for Dana Petroleum, valuing the Aberdeen-based oil company at 1.87bn.

BG Group is thought to be a potential target of Anglo-Dutch oil giant Royal Dutch Shell, with rumours suggesting a take-out price of 1600p.

Tullow Oil and Cairn Energy are also in the top ten performers. Oil services firm Petrofac is higher ahead of its interim results on Monday. Profits are expected to rise from $ 171m to $ 192m. The order book is estimated to have fallen from $ 8.1bn to $ 6.1bn over the six months to June 2010 but there have been additional orders since then.

Despite the buying interest in the oil sector the index is lower. Mining stocks are generally weak with Kazakhmys and Xstrata leading the fallers.

Satellite firm Inmarsat is continuing its decline following the initial jump on Wednesday after its figures were announced. On Thursday, UBS cut its recommendation from buy to hold.

FTSE 100 – Risers
BG Group (BG.) 1,082.00p +5.05%
Cable & Wireless Worldwide (CW.) 61.75p +2.07%
African Barrick Gold (ABG) 572.00p +1.78%
GlaxoSmithKline (GSK) 1,203.50p +1.09%
Petrofac Ltd. (PFC) 1,354.00p +1.04%
Tullow Oil (TLW) 1,294.00p +0.78%
Cairn Energy (CNE) 462.60p +0.72%
British Sky Broadcasting Group (BSY) 710.50p +0.64%
Schroders (SDR) 1,383.00p +0.51%
International Power (IPR) 364.70p +0.47%

FTSE 100 – Fallers
Wolseley (WOS) 1,279.00p -3.40%
Kazakhmys (KAZ) 1,150.00p -3.20%
Inmarsat (ISAT) 669.00p -2.76%
TUI Travel (TT.) 200.60p -2.62%
Aggreko (AGK) 1,504.00p -2.46%
Home Retail Group (HOME) 214.00p -2.37%
InterContinental Hotels Group (IHG) 1,020.00p -2.21%
Xstrata (XTA) 1,028.00p -2.10%
Prudential (PRU) 558.50p -2.02%
BAE Systems (BA.) 298.10p -1.88%