London stocks rise amid broader gains, commodity shares limit climb

Oct 28 - The UK's benchmark FTSE 100 rose on Monday in a broader rally led by travel and leisure shares, as well as aerospace and defence stocks, though losses in commodity-linked companies restricted overall gains.The travel and leisure sector , rose 1.38% after online train ticket seller Trainline , advanced 9.5%. The company raised its full-year revenue forecast for the second time in less than two months.

In contrast, precious metal miners , led the sectoral losses and slipped 1.7% as gold prices came under pressure against a stronger U.S. dollar and Treasury yields. Both BP , and Shell , were down over 1.6% each, while Ithaca Energy , was the biggest drag on the sector and lost 2.4%. Investors paid attention to the budget scheduled for Oct. 30, where UK's finance minister, Rachel Reeves, faces a tough task of raising the tax revenues needed to invest more in public services and new infrastructure.

Nederland Laatste Nieuws, Nederland Headlines

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