Tullow Oil shares surged on Monday after the company revealed it had spent $118m (£89m) expanding its interests in Ghana.
Commodity and oil stocks paced gains on a mixed day for London equities as hopes that a cease-fire in Ukraine might be around the corner ebbed.
Wall Street stocks closed lower on Monday as market participants monitored the ongoing Russia-Ukraine conflict and the crash of a passenger plane in China.
Wall Street stocks were in the red early on Monday as market participants monitored the ongoing Russia-Ukraine conflict and the crash of a passenger plane in China.
Investors' focus on Tuesday will be public sector net borrowing data in the UK which are due out at 0700 GMT.
Stocks in Europe started the week on a mixed note amid the ongoing grim news out of the Ukrainian port city of Mariupol which was under siege by Russian military and concern that the fighting might not end as soon as had seemed possible just a week before.
London stocks closed in a mixed state on Monday, with the top-flight index underpinned by a strong showing from energy heavyweights and solid gains in the mining sector, as investors continued to monitor the Russia-Ukraine conflict.
Analysts at Berenberg lowered their target price on food manufacturer Bakkavor from 145. 0p to 125. 0p on Monday, stating pressures still lingered despite visible improvements.
Jefferies downgraded Hargreaves Lansdown on Monday as it initiated coverage of St James’s Place at ‘buy’.
London’s FTSE 100 was up 0. 5% at 7,440. 15 in afternoon trade on Monday.
Eco Animal Health was at the top of the list of buys on Monday afternoon, after it disclosed a £70k purchase made by its chief financial officer.
Alternative asset manager Gresham House announced the disposal of its entire 23. 7% shareholding in Rockwood Realisation (RKW) on Monday.
The FTSE 250 was down 0. 88% at 20,971. 14 at 1425 GMT on Monday.
UK retail footfall rose 2. 3% last week compared with the previous seven days as shoppers took advantage of warmer weather to make spontaneous trips to stores, industry data revealed on Monday.
CityFibre said on Monday that Abu Dhabi-based Mubadala Investment Company has agreed to inject a further £300m into the UK broadband provider.
Analysts at Canaccord Genuity nudged up their target price on software and services firm Beeks Financial Cloud from 210. 0p to 220. 0p on Monday after the group reported interim sales that beat expectations.
A top US central bank official projected a total of six interest rate hikes for throughout 2022 in order to get the price of money back to neutral as quickly as possible - which was the Federal Reserve's goal.
Energy management technology company Inspired updated the market in response to press speculation that Gazprom Marketing and Trading could cease trading in the UK.
Virtual care technology company Induction Healthcare announced on Monday that NHS Scotland and the Scottish Government contracts for remote consultation using its ‘Attend Anywhere’ (AA) platform had been renewed for a further year.
Alba Mineral Resources updated the market on the Clogau-St David's Gold Mine on Monday, where assay results from a phase two sampling programme at the historic Waste Tip returned gold grades of up to 11. 35 grams per tonne.
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