(Reuters) – London’s FTSE 100 edged higher on Monday after posting its second straight weekly drop, while Cineworld Group gained on reporting a strong weekend opening following a months-long lockdown in the UK.
The blue-chip index rose 0.1% with oil majors BP and Royal Dutch Shell and consumer staples stocks including Diageo providing the biggest boosts to the index.
The domestically focused mid-cap FTSE 250 index advanced 0.02%. Cineworld rose 2.4% after the world’s second-largest cinema chain said its UK cinemas pulled in more people than expected, helped by Sony Pictures’ animated adventure comedy “Peter Rabbit 2: The Runaway”.
Asian shares were mixed as investors awaited key U.S. inflation readings for guidance on monetary policy this week, where a high reading would ring alarms and could revive talk of an early tapering by the U.S. Federal Reserve. [MKTS/GLOB]
Kainos Group jumped 4.2% to the top of the FTSE 250 index after the digital services company posted a 124% rise in its annual adjusted pretax profit.
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