FTSE 100 movers: BP recovers after yesterday's slump

BP regained some of Thursday's heavy losses which came after it was found negligent in the 2010 Gulf of Mexico disaster.

Oil and gas group Tullow Oil rose slightly on the news that is to sell its interests in two blocks offshore Netherlands for €62.7m (£50m) as it continues to shed off its gas assets in the North Sea.

Meanwhile, mining stocks were bearing the brunt of the profit taking in morning trade with Randgold Resources, Fresnillo and Rio Tinto among the worst performers on the FTSE 100.

Insurer Standard Life was pulling back after strong gains made on Thursday. The shares jumped 8% after the company sold its Canadian operations for £2.2bn to Manulife Financial and promised to return £1.75bn to shareholders.

Royal Bank of Scotland dropped into the red after Berenberg reiterated its 'sell' rating on the bank.