Stocks closed higher in London on Monday. (Jonathan Brady/PA)
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London’s top index started the week on a positive if subdued note which will be welcomed by investors following a temperamental few days.
The FTSE 100 ended the day up by 33.54 points, pushing it to 7,051.59.
The 0.5% rise was driven in part by telecoms, hotel and gambling companies, as Vodafone, BT, Entain, Flutter Entertainment, Whitbread and Intercontinental Hotel Group pushed into the top 20 performers.
The FTSE 100 ended the day up by 33.54 points, pushing it to 7,051.59. The 0.5% rise was driven in part by telecoms, hotel and gambling companies, as Vodafone, BT, Entain, Flutter Entertainment, Whitbread and Intercontinental Hotel Group pushed into the top 20 performers. But the performance was tempered by the performance of London s miners, with Fresnillo and Antofagasta leading the pack lower. Initially the index s mining stocks had held up well, despite China s commodity price warnings, said Spreadex analyst Connor Campbell. Now, however, all bar Glencore are notably in the red. In Paris the Cac index rose by 0.3%. Across the pond, the S&P 500 was trading up 1.1% when markets closed in Europe, with its New York neighbour Dow Jones rising 0.6%.
SHARES in an Oxford cannabis research company backed by US rapper Snoop Dogg soared in its debut on the London Stock Exchange. The Evening Standard reports shares in Oxford Cannabinoid Technologies (OCT) jumped by 50 per cent to 7.5p in early trading before settling back at around 5p later on Friday morning. The company, which creates cannabinoid-based medicines for pain relief and aims to be able to sell its first drug by 2027, is the latest in a string of companies in the industry to opt for a UK listing this year, after regulator the Financial Conduct Authority gave permission for medicinal cannabis firms to float.
Snoop Dogg-backed Oxford cannabis research firm makes top London debut oxfordmail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oxfordmail.co.uk Daily Mail and Mail on Sunday newspapers.