The FTSE 100 roared ahead in early trading, buoyed by positive trading updates from BP and Ocado, and a miners’ rally. The blue-chip index was up by more than 10% at nearly 7,200 points.Food distributor Ocado’s shares jumped 20% after it announced a further push into Asia with a tie-up with the retail arm of South Korean conglomerate, Lotte GroupOil giant BP’s third-quarter profits hit $8.2bn from $3.3bn last year, as high crude and gas prices buoyed its upstream business. An $800mln windfall tax bill did little to slow its momentum. Elsewhere in tax, reports today suggest that fresh rises are anticipated in the government’s financial statement on 17 November. Treasury sources say that the UK’s fiscal gap might be as much as £50bn and can’t be met by spending cuts alone. In the US new Twitter CEO Elon Musk has dissolved the company’s board and will run the social media giant by himself, while a quarter of staff are also expected to leave the business. Among the small caps, payments and software group Eckoh expects “significantly higher” full-year revenue and profit, with sales growing by 33% in its latest half-year update. And Cornish Metals has reached an agreement to lease certain mineral rights located immediately adjacent to the southern boundary of its South Crofty deposit in Cornwall. The 49-hectare lease area covers part of the historic Great Flat Lode.That’s all for this morning, you’ve been watching Proactive.