The FTSE 100 closed 0.6% higher as robust commodities markets boosted miners, including Anglo American (AAL) and Glencore (GLEN).
Royal Bank of Scotland (RBS) and Standard Chartered (STAN) also rose 3% and 2.2% higher, respectively.
West Texas Intermediate (WTI) slid 1.2% to $47.64 and Brent crude oil fell 0.5% to $48.64 per barrel, respectively.
Gold nudged lower to $1,207 per ounce, while copper climbed over 1% to $5,599 per tonne.
FTSE 100 RISERS AND FALLERS
UK armed forces support services provider Babcock (BAB) slumped as it posted slower organic growth within an otherwise in-line update.
FTSE 250 RISERS AND FALLERS
Entertainment One (ETO) reported lower underlying EBITDA of £38m, down from £52m, which was blamed on increased theatrical investment in its films in the first half of the year.
BGEO (BGEO), the holding company of JSC Bank of Georgia, reported a 75% increase in third-quarter profit as a result of higher income in its banking and healthcare businesses. The stock traded 12% higher.
Flow control firm Rotork (ROR) was in positive territory on expectations that full year profit and revenue would benefit by 10% from a currency tailwind.
SMALL CAP RISERS AND FALLERS
Construction equipment group Lavendon (LVD) soared 41.7% to 197p on a takeover approach. The 205p maximum offer was turned down by management in pursuit of a higher offer.
Shares in TomCo (TOM) plummeted 22% after it failed to secure the finance for its Makarie palm oil project in Sierra Leone and decided to suspend the project.
An earnings growth warning at professional services provider Charles Taylor (CTR) overshadowed news of its latest acquisition, causing the firm to trade 13.8% lower at 250p.
Insurance takeover specialist Chesnara (CSN) confirmed speculation that it hopes to seal a deal to buy British insurer Legal & General's (LGEN) Dutch operations as talks were said to be at an advanced stage. Investors were unmoved by the deal as shares nudged higher in both firms.
Half year results provided engineering group Severfield (SFR) with a share price boost of 13.2% to 70.5p. Underlying pre-tax profit jumped 69% on flat revenues.
Walkie talkies tech firm Sepura (SEPU) continued to concern investors as it plunged into the red at the half year stage. Net debt was among the market's worries, even though it declined more than €25m to €89.2m.
A discounted £640,000 cash call by mining minnow URU Metals (URU) sparked a 15.4% share price collapse to 0.46p, which valued the business at little more than £1.5m.
The volatile pound and ongoing Brexit worries dragged car seller Cambria Automobiles (CAMB) down despite impressive full year results. The stock fell 10.3% due to the uncertainty over new car sales going forward.
Full year results from electronics kit manufacturer Solid State (SOLI) failed to impress investors as the share price fell 5.3%. It reported a £14.8m order pipeline but the market focused on a decline in revenue and earnings.