London’s FTSE 100 was up 1.5% at 7,458.23 in afternoon trade on Monday.
Retailers were the standout gainers on the index, with Tesco, Sainsbury’s, B&Q owner Kingfisher, online supermarket Ocado, JD Sports and B&M all sharply higher.
Berkeley Group was also on the rise after an upgrade to ‘buy’ from ‘hold’ at Berenberg.
The bank said it believes Berkeley can meet its mid-term profit guidance, that it offers upside risk on capital returns and it is strategically very well positioned.
FTSE 100 – Risers
Tesco (TSCO) 252.80p 5.38%
Sainsbury (J) (SBRY) 213.00p 5.13%
Kingfisher (KGF) 254.20p 5.00%
Ocado Group (OCDO) 794.20p 4.94%
JD Sports Fashion (JD.) 132.25p 4.88%
Howden Joinery Group (HWDN) 613.20p 4.86%
Berkeley Group Holdings (The) (BKG) 3,685.00p 4.04%
Smurfit Kappa Group (CDI) (SKG) 3,011.00p 3.94%
Flutter Entertainment (CDI) (FLTR) 10,625.00p 3.81%
B&M European Value Retail S.A. (DI) (BME) 363.40p 3.65%
FTSE 100 – Fallers
M&G (MNG) 201.00p -1.52%
Melrose Industries (MRO) 125.70p -1.30%
London Stock Exchange Group (LSEG) 8,002.00p -0.02%
National Grid (NG.) 1,071.00p 0.00%
Intermediate Capital Group (ICP) 1,283.50p 0.00%
Pershing Square Holdings Ltd NPV (PSH) 2,875.00p 0.00%
Avast (AVST) 716.60p 0.00%
Meggitt (MGGT) 799.40p 0.10%
Haleon (HLN) 261.30p 0.11%
Centrica (CNA) 87.00p 0.12%
