The FTSE 100 traded slightly higher at around 6-week highs on Tuesday, extending gains for the fifth straight session and outperforming its European peers, as gains in the oil and gas industry, and a jump in Unilever shares more than offset fears of higher interest rates.
Oil majors Shell and BP advanced as crude prices surged to 2-month highs after EU leaders agreed on a partial ban on Russian oil imports.
Also, Unilever shares were more than 6 percent higher after naming Peltz, who now holds a roughly 1.5 percent stake in the consumer goods giant, as a board member.
Meanwhile, investors remain cautious about the need to raise interest rates faster after a raft of inflation reports from European countries, including Germany, France and Spain came in above market expectations.
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