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(Reuters) -London’s FTSE 100 edged higher on Monday after posting its second straight weekly drop, while Cineworld Group gained following a strong weekend opening after a months-long lockdown in the UK.
FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls
The blue-chip index rose 0.5% with consumer discretionary stocks, mainly Compass Group Plc, Flutter Entertainment and Entain rising between 2.2% and 2.7%.
Oil majors Royal Dutch Shell and BP were also among the biggest risers on the index, rising 9.8% and 4.2%, respectively. [O/R]
The domestically focused mid-cap FTSE 250 index advanced 0.4%. Cineworld rose 3.2% 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”. [nL3N2NB1NG]