Energy, financials lift London’s FTSE 100

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Reuters UK

(Reuters) – London’s FTSE 100 rose on Monday, boosted by energy and financial stocks, after the blue-chip index posted its third straight weekly drop last week on sluggish economic growth worries. The FTSE 100 index was up 0.4% by 0715 GMT. BP and Shell gained 0.3% and 1.4%, respectively, as crude prices rose amid tightening global supplies, while financials added 0.8%. [O/R] The domestically focused mid-cap FTSE 250 index ticked up 0.3%. London’s FTSE 100 fell last week on escalating worries about a recession and bets of bigger rate hikes after a cautious rate hike by the Bank of England. Amo…

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