FTSE 100 gains as energy, mining shares jump
Sept 21 (Reuters) – Heavyweight energy and mining stocks lifted London’s FTSE 100 on Tuesday, with Royal Dutch Shell providing the biggest boost to the blue-chip index after it announced plans to sell its Permian Basin assets.
Royal Dutch Shell (RDSa.L) jumped 3.3% after it said it would sell its Permian Basin assets to ConocoPhillips (COP.N) for $9.5 billion in cash, exiting the largest U.S. oilfield as it focuses on its clean energy transition.
The domestically focussed mid-cap index (.FTMC) rose 0.5%, with travel stocks (.FTNMX405010) being among the top gainers.
In earnings-driven moves, British home improvement retailer Kingfisher (KGF.L) fell 3% to slip to the bottom of the FTSE 100 even as it reported a jump in first-half profit. read more
British transport company Stagecoach Group (SGC.L) surged 19.5% after it said it was in talks with rival operator National Express (NEX.L) about a possible all-share merger.
Reporting by Shashank Nayar in Bengaluru; Editing by Saumyadeb Chakrabarty
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