London’s FTSE 100 was up 1.56% at 7,294.27 in afternoon trade on Monday.
BT was the biggest gainer on the index even after India’s Reliance Industries refuted a report that it was considering buying the London-listed telecoms group. The Economic Times reported that billionaire Mukesh Ambani’s Reliance might make an unsolicited offer or try to get a controlling stake in the company. However, Reliance said it does not intend to bid for BT.
Johnson Matthey rallied on a report that India’s Tata Chemicals is interested in buying the company’s batteries business. According to the Mint newspaper, the batteries business could fetch between $500m and $700m.
BP and Shell were both higher on the back of rising oil prices
FTSE 100 – Risers
BT Group (BT.A) 164.85p 7.05%
ITV (ITV) 113.80p 4.79%
Compass Group (CPG) 1,522.50p 4.75%
BP (BP.) 332.30p 4.61%
Royal Dutch Shell ‘A’ (RDSA) 1,624.20p 4.37%
Royal Dutch Shell ‘B’ (RDSB) 1,624.00p 4.34%
Johnson Matthey (JMAT) 2,150.00p 4.07%
JD Sports Fashion (JD.) 1,142.50p 3.68%
Anglo American (AAL) 2,725.00p 3.42%
Intermediate Capital Group (ICP) 2,177.00p 3.22%
FTSE 100 – Fallers
Hargreaves Lansdown (HL.) 1,370.00p -3.62%
Polymetal International (POLY) 1,345.00p -2.00%
Hikma Pharmaceuticals (HIK) 2,242.00p -1.58%
London Stock Exchange Group (LSEG) 6,784.00p -0.96%
Sainsbury (J) (SBRY) 290.80p -0.95%
Unilever (ULVR) 3,929.00p -0.57%
Reckitt Benckiser Group (RKT) 6,151.00p -0.57%
Darktrace (DARK) 468.40p -0.55%
B&M European Value Retail S.A. (DI) (BME) 624.80p -0.51%
Abrdn (ABDN) 237.00p -0.46%
