The FTSE 100 continued to climb amid gains in the mining and banking sectors, as well as oil majors BP and Royal Dutch Shell thanks to oil prices bouncing back.

At close, the blue-chip index was 1.5% higher at 7,050.

Wall Street also enjoyed a strong run with the tech-heavy Nasdaq leading the way with a 1.5% rise to 7,013 at around 4:45pm UK time.

MID AND LARGE CAP RISERS AND FALLERS

Shares in opioid addiction specialist Indivior hit at a near all-time low at 97.7p after an injunction against Dr Reddy's Laboratories failed, allowing the company to proceed with a launch of a generic product.

A strong set of half year results from chemicals business Johnson Matthey led to speculation annual profits will hit the top end of the company's guidance. Shares in Johnson Matthey gained 13.1% to £31.41.

The departure of chief executive officer Kate Swann from Upper Crust owner SSP Group took the shine off a strong set of results as the shares slid 8.4% to 627.5p.

A warning over lower margins in the short term from accounting software specialist Sage initially pushed the stock lower, but closed 2.2% higher at 548.2p. The company said blamed the anticipated lower margins on its shift to a subscription, cloud-based model.

Outsourcer Babcock shed 4.7% to 566p following unexpected provisions and a negative outlook for its nuclear business in its latest half year results.

Pub operator Marston's revealed a rise in underlying sales and profits in the year to 29 September, helping the shares gain 2.5% to 101p.

B&Q owner Kingfisher fell 3% to 238.8p following disappointing sales in the UK and France.

SMALL CAP RISERS AND FALLERS

A sales and earnings warning from Maintel caused the stock to slump 14% to 520p.