London Markets: Shell and BP carry FTSE 100 higher as Deliveroo slumps

The top U.K. stock market index enjoyed a solid advance on Monday, buoyed by the energy sector.

The FTSE 100
UKX,
+1.12%

rose 1% to 7,194.65, boosted as Royal Dutch Shell
RDSB,
+2.58%

and BP
BP,
+2.70%

each got a lift from strength in crude-oil prices
CL.1,
+3.14%
.

The London Stock Exchange
LSEG,
+1.07%

rose after agreeing to pay as much as £274 million for Quantile Group, a provider of services for hedge funds and banks trading over-the-counter derivatives.

Deliveroo
ROO,
-2.53%

shares slumped 8%, hurt by fears over the European Commission’s impending gig worker rules that could come as early as Wednesday. Just Eat Takeaway.com
JET,
-5.80%

also dropped.

This post was originally published on Market Watch

Financial News

Daily News on Investing, Personal Finance, Markets, and more!