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U.K. stocks returned on Tuesday from a three-day break with strong gains, as commodity plays surged, with oil prices at a more than two-year high.
Miners including Rio Tinto
RIO,
and Anglo American
AAL,
and energy producers BP
BP,
and Royal Dutch Shell
RDSB,
helped the FTSE 100
UKX,
jump 1.2%.
“As the global growth recovery story unfolds, miners in particular are on the front foot today, as high demand for metals in particular push prices higher,” said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.
Tullow Oil
TLW,
was the top FTSE 250 mover, jumping 11%.
Engineering group Senior
SNR,
fell 9% to 145 pence, after its 34% surge on Friday. Senior last week rejected Lone Star Global’s 176 pence per share takeover bid.
