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Consumer staples, oil stocks pull FTSE 100 higher; Cineworld shines

United KingdomIndustrials, oil stocks pull FTSE 100 higher; Cineworld shines
Devik Jain
3 minute read
Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls
London s FTSE 100 edged higher on Monday after posting its second straight weekly drop, while Cineworld Group gained on reporting a strong weekend opening following a months-long lockdown in the UK.
The blue-chip index (.FTSE) rose 0.3% with oil majors BP (BP.L) and Royal Dutch Shell (RDSa.L), industrials (.FTNMX502050), and consumer staples stocks including Diageo (DGE.L) providing the biggest boosts.
The domestically focused mid-cap FTSE 250 index (.FTMC) advanced 0.1%. Cineworld (CINE.L) rose 2.8% after the world s second-largest cinema chain said its UK cinemas pulled in more people than expected, helped by Sony Pictures animated adventure comedy Peter Rabbit 2: The Runaway . read more ....

United Kingdom , City Of , Thomson Reuters Trust Principles , Cineworld Group , Kainos Group , Royal Dutch Shell , Sony Picture , Thomson Reuters Trust , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , ஸிந்‌வோவர்ல்ட் குழு , கைனோஸ் குழு , அரச டச்சு ஷெல் , சோனி படம் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

North Sea oil IPOs had best take the plunge soon

BreakingviewsNorth Sea oil IPOs had best take the plunge soon
George Hay
Oilfield platforms are seen in the North Sea, Norway, December 3, 2019.
North Sea oil companies hoping to float should strip off and take the plunge. Sam Laidlaw, formerly boss of UK utility Centrica (CNA.L), is mulling an initial public offering of Neptune Energy, the driller controlled by buyout groups CVC and Carlyle, as well as Chinaâs sovereign wealth fund. His chances of achieving a $10 billion valuation look better if he moves swiftly.
After a recent rush of new listings, investors are showing signs of indigestion. Shares in food delivery group Deliveroo (ROO.L) are languishing 35% below their March debut price, and a bunch of smaller Spanish renewable energy groups recently pulled their listings. Laidlaw also faces competition: Oil driller Wintershall Dea said in February its mooted $20 billion IPO would be done some time this year. ....

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Wall Street climbs on boost from tech stocks

Wall Street's main indexes advanced on Monday, with the Nasdaq rising 1.5%, as investors flocked to rate-sensitive technology shares while gearing up for key inflation readings later this week. ....

New York , United States , Michael Sheldon , Thomson Reuters Trust Principles , Martin Marietta Materials Inc , National Securities , Microsoft Corp , Financial Group At Hightower , Cabot Oil Gas Corp , Federal Reserve , Cimarex Energy Co , Martin Marietta , Marathon Digital Holdings , Apple Inc , Wall Street , Coinbase Global , Riot Blockchain , Bart Hogan , Dow Jones Industrial Average , Nasdaq Composite , Gas Corp , Thomson Reuters Trust , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , மைக்கேல் ஷெல்டன் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் ,

Oil prices jump on view Iranian oil will not cause glut

EnergyOil prices jump on view Iranian oil will not cause glut
Jessica Resnick-ault
1/3
A diesel fuel nozzle with new European labels to standardise gasoline pumps in the EU zone is seen at a petrol station in Nice, France, October 12, 2018. REUTERS/Eric Gaillard/File Photo
Read More
Oil prices rose on Monday as a demand bump fueled by COVID-19 vaccination drives gave traders optimism that the market can absorb any Iranian oil that would come on the market if Western talks with Tehran lead to the lifting of sanctions.
Prices also got a boost on expectations that a new deal is les likely than it was last week, said Bob Yawger, director of Energy Futures at Mizuho in New York. ....

New York , United States , Stephen Brennock , Donald Trump , Bob Yawger , Thomson Reuters Trust Principles , Goldman Sachs , Energy Futures At Mizuho , Energy Futures , Texas Intermediate , President Donald Trump , Thomson Reuters Trust , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , டொனால்ட் துருப்பு , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , கோல்ட்மேன் சாக்ஸ் , ஆற்றல் எதிர்காலங்கள் இல் மீஜுஹோ , ஆற்றல் எதிர்காலங்கள் , டெக்சாஸ் இடைநிலை , ப்ரெஸிடெஂட் டொனால்ட் துருப்பு , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Oatly IPO pumps fresh air into plant-based stocks

BreakingviewsOatly IPO pumps fresh air into plant-based stocks
Karen Kwok
A barista pours milk into coffee at Moko cafe in Warsaw, Poland May 7, 2017.
Oatly (OTLY.O) often boasts its oat milk is particularly good for producing froth. The Swedish company has the same effect on investors. Shares in the maker of oat-based dairy substitutes opened 30% above their initial public offering price of $17 on Thursday, valuing it at around $13 billion. That should lure other purveyors of plant-based foods to the stock market.
The company led by Toni Petersson has enjoyed a dazzling rise. Powered by sharp marketing slogans such as itâs like milk, but made for humans , and the backing of investors including Blackstone (BX.N) and Oprah Winfrey, Oatly has ridden the vogue for foods that produce fewer greenhouse gases and preserve water and land. Sales more than doubled to $421 million in 2020. ....

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