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Energy stocks lift London's FTSE 100 as oil prices surge

Published 02/08/2021, 04:14 PM
Updated 02/08/2021, 04:20 PM
© Reuters.
UK100
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BP
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RDSa
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 up 0.3%, FTSE 250 adds 0.1%

Feb 8 (Reuters) - London's FTSE 100 rose on Monday, as
energy stocks tracked a jump in oil prices on hopes that global
vaccine rollouts would quicken the economic recovery this year.
The commodity-heavy FTSE 100 .FTSE was up 0.3% by 0806
GMT, snapping a three-day losing streak. BP BP.L and Royal
Dutch Shell RDSa.L were among the biggest boosts to the index
after oil prices surpassed $60 a barrel on Monday. O/R
The mid-cap FTSE 250 index .FTMC added 0.1%, gaining for a
sixth straight day.
Shares of British retailers .FTNMX5370 were subdued in
early deals as a report said the government was planning to tax
companies whose profits soared during the COVID-19 pandemic.
Rolls-Royce RR.L shed 2.0% after the aero-engine maker
said it was proposing a two-week operational shutdown of its
civil aerospace unit over the summer.

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