Mining, energy stocks push FTSE 100 higher

  • Reuters
  • Stock Market News
Mining, energy stocks push FTSE 100 higher
Credit: © Reuters.

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* FTSE 100 up 0.8%, FTSE 250 adds 0.7%

Feb 15 (Reuters) - London's FTSE 100 rose on Monday, as mining and energy stocks tracked strong gains in commodity prices and investors were hopeful that global vaccine rollouts would quicken the economic recovery this year.

The commodity-heavy FTSE 100 .FTSE was up 0.8% by 0806 GMT, boosted by miners Anglo American (JO: AMSJ ) AAl.L , Rio Tinto RIO.L and BHP Group BHPB.L and oil producers BP BP.L and Royal Dutch Shell RDSa.L .

Oil prices surged to their highest in 13 months as the Saudi-led coalition fighting in Yemen said it intercepted and destroyed an explosive-laden drone fired by the Iran-aligned Houthi group toward the kingdom. O/R

The mid-cap FTSE 250 index .FTMC added 0.7%, gaining for a third straight session.

Britain's housebuilding sector .FTNMX3720 gained 0.2% as a survey showed asking prices for homes unexpectedly rose in January and early February. RR.L climbed 0.1% after appointing Panos Kakoullis, the former head of Deloitte's audit and assurance practice, as its new chief financial officer.

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