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Oil and gas shares have a 14% weighting on the FTSE 100

The FTSE 100 index UKX, +0.26% ended up 0.3% at 7,454.37, according to FactSet, surpassing its previous record close notched on Friday.
Oil and gas shares have a 14% weighting on the FTSE 100, according to FactSet.
The shares of the oil producers rose along with Brent and U.S. crude futures LCON7, +0.39% CLM7, +0.49% which popped up 3% during the session.
A rise in commodity shares on Monday led London’s blue-chips benchmark to a record close.
Sophos Group PLC SOPH, +7.27% jumped 7.82% on the FTSE 350 Index NMX, +0.20% as experts flagged the possibility of another massive cyberattack.

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The UK’s FTSE 100 index has closed at a record high of 7,454.37, up by 0.25 per cent or 19 points.
It comes after the FTSE 100 also closed at a record high on Friday.
London’s top index hit a new intra-day record of 7460.2 in early trading on Monday before closing on an all-time high as energy shares were boosted by rising oil prices.
Across Europe, Germany’s Dax was up 0.3 per cent and the CAC 40 in France rose by 0.1 per cent.
“Her high approval rating and vote-winning policies give May an opportunity to take Labour seats sitting on small majorities.

 

FTSE 100 closes at another record high

energy shares

Image copyright Getty ImagesLondon’s FTSE 100 stock market index ended at another record high on Monday, rising 0.25%, or 19 points, to 7,454.Commodities firms and banks were the biggest gainers.
“Indeed many have seen their share prices rise as a result of weaker sterling, precisely because they have international revenue streams,” he added.
Shares in rival travel firm Thomas Cook also fell, down 3.4%.
Laith Khalaf, at Hargreaves Lansdown, said: “The UK stock market hasn’t been fazed by the general election, and continues to perform strongly against a backdrop of low interest rates and an improving global economy.”
On the currency markets, the pound rose 0.3% against the dollar to $1.292, but was down slightly at 1.176 euros.

 

 

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