The good momentum continues today, with the blue-chip index being lifted by oil majors and miners, as commodity prices remain high.

Among stocks, home improvement retailer Kingfisher climbed 2.7% after posting better-than-expected revenues, while fashion chin Ted Baker advanced 3.4% after it was announced that private equity firm Sycamore was out of its sale process, and that other parties sent revised takeover proposals.

In other news, greetings card company Moonpig soared 8% after it announced that it is purchasing Smartbox, a gifting experiences platform, for 124 million pounds.

 

Things to read today:

How shadow banks threaten the global economy (Financial Times)

Stocks Are Hostage to the Tyranny of Round Numbers (Bloomberg)