London Markets: Shell and BP carry FTSE 100 higher as Deliveroo slumps

December 6, 2021

The top U.K. stock market index enjoyed a solid advance on Monday, buoyed by the energy sector.

The FTSE 100
UKX,
+1.12%
rose 1% to 7,194.65, boosted as Royal Dutch Shell
RDSB,
+2.58%
and BP
BP,
+2.70%
each got a lift from strength in crude-oil prices
CL.1,
+3.14%.

The London Stock Exchange
LSEG,
+1.07%
rose after agreeing to pay as much as £274 million for Quantile Group, a provider of services for hedge funds and banks trading over-the-counter derivatives.

Deliveroo
ROO,
-2.53%
shares slumped 8%, hurt by fears over the European Commission’s impending gig worker rules that could come as early as Wednesday. Just Eat Takeaway.com
JET,
-5.80%
also dropped.

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