Energy, mining stocks push FTSE 100 higher; Shell top gainer | Malay Mail

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LONDON, July 7 — London’s FTSE 100 rose today as heavyweight mining and energy stocks tracked commodity prices higher, while Royal Dutch Shell jumped on plans to boost shareholder returns. Shell climbed 2.5 per cent to the top of the FTSE 100 as the company said it would boost its planned...

LONDON, July 7 — London’s FTSE 100 rose today as heavyweight mining and energy stocks tracked commodity prices higher, while Royal Dutch Shell jumped on plans to boost shareholder returns.

The domestically focussed mid-cap index gained 0.4 per cent, led by a 1.3 per cent rise in homebuilders. Cheap borrowing costs, higher commodity prices and re-opening optimism have helped the FTSE 100 gain 10.5 per cent so far this year. However, the index has underperformed its European and local mid-cap peers.

 

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