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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