FTSE 100 Edges Higher

The FTSE 100 Index gained 34 points or 0.33 percent on Monday to close at 10267 points. Gains were led by Airtel Africa (14.50%), International Airlines Group (5.82%) and Anglo American (3.92%). Biggest losers were JD Sports Fashion (-5.31%), Entain (-4.74%) and Burberry (-3.43%).

The FTSE 100 edged slightly higher on Monday, outperforming weaker European peers as gains in heavyweight oil stocks and a strong update from Compass supported the index. Shell rose 0.7% and BP added 1% as Brent crude climbed back above $103 per barrel after President Donald Trump rejected Iran’s latest peace proposal as “totally unacceptable.” Compass jumped more than 2% after raising its full-year profit guidance, helped by acquisitions and improving margins, with analysts pointing to stronger expected growth in the second half of the year. International Airlines Group also gained around 5.5% following strong first-quarter results that showed a 77% increase in operating profit. On the downside, Unilever fell more than 2%, while BAE Systems went down 1.6%, and Babcock fell 1.7%.

The FTSE 100 edged slightly higher on Monday, outperforming weaker European peers as gains in heavyweight oil stocks and a strong update from Compass supported the index. Shell rose 0.6% and BP added 0.9% as Brent crude climbed back above $105 per barrel after President Donald Trump rejected Iran’s latest peace proposal as “totally unacceptable.” Compass jumped more than 3.5% after raising its full year profit guidance, helped by acquisitions and improving margins, with analysts pointing to stronger expected growth in the second half of the year. International Airlines Group also gained around 4% following strong first quarter results that showed a 77% increase in operating profit. On the downside, defence related stocks weakened, with BAE Systems down 1.5%, Babcock falling 2.8% and Rolls Royce slipping 1.2%.