London’s FTSE 100 fell on Monday brought on by energy and mining stocks on lower commodity prices, however gains by British company Admiral helped cut some of the losses.
The motor insurer jumped 3.49 per cent to the top of the FTSE 100 after it announced that it expected a first-half profit owing to fewer motor accident claims through the pandemic.
Mining and steel making giant Evraz saw a 3.28 per cent fall as lower commodity prices appeared to hit it hard. Anglo American also experienced a fall.
Heavyweight energy and precious mining stocks were the biggest fallers as the blue-chip FTSE 100 rose slightly by 0.2 per cent.
Rolls Royce’s share price continued to fall owing to its exposure to the aerospace market. Hopes of air travel returning to normal this summer being dashed has consistently harmed it.
Tate and Lyle Plc saw a rise of 2.2 per cent as it announced plans to sell a controlling stake in its commercial sweeteners business to a US-based private equity firm.
Grocer Ocado saw its share price rise by 1.15 per cent as it looks to bounce back from its early year slump.
The Daily Mail and General Trust Plc was up 3.46 per cent following the Rothermere’s announcement that it is considering an £810m to take the company private. A formal offer is dependent on the Daily Mail and General Trust selling its insurance and Cazoo financial arms.