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June 1, 2021, 9:14 a.m. EDT

Resource plays lead London market higher after 3-day break

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By Steve Goldstein

U.K. stocks returned on Tuesday from a three-day break with strong gains, as commodity plays surged, with oil prices at a more than two-year high.

Miners including Rio Tinto /zigman2/quotes/208934945/delayed UK:RIO +1.35% and Anglo American /zigman2/quotes/201381512/delayed UK:AAL +1.39% , and energy producers BP /zigman2/quotes/202286639/delayed UK:BP +1.70% and Royal Dutch Shell , helped the FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +0.72% jump 1.2%.

“As the global growth recovery story unfolds, miners in particular are on the front foot today, as high demand for metals in particular push prices higher,” said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.

Tullow Oil /zigman2/quotes/205079109/delayed UK:TLW +2.85% was the top FTSE 250 mover, jumping 11%.

Engineering group Senior /zigman2/quotes/200980573/delayed UK:SNR -2.17% fell 9% to 145 pence, after its 34% surge on Friday. Senior last week rejected Lone Star Global’s 176 pence per share takeover bid.

/zigman2/quotes/208934945/delayed
UK : U.K.: London
6,163.00 p
+82.00 +1.35%
Volume: 44,034
Feb. 8, 2023 8:03a
P/E Ratio
7.54
Dividend Yield
8.57%
Market Cap
£101.79 billion
Rev. per Employee
£917,806
loading...
/zigman2/quotes/201381512/delayed
UK : U.K.: London
3,434.00 p
+47.00 +1.39%
Volume: 56,965
Feb. 8, 2023 8:03a
P/E Ratio
7.98
Dividend Yield
5.77%
Market Cap
£44.84 billion
Rev. per Employee
£446,346
loading...
/zigman2/quotes/202286639/delayed
UK : U.K.: London
525.20 p
+8.80 +1.70%
Volume: 2.51M
Feb. 8, 2023 8:03a
P/E Ratio
N/A
Dividend Yield
3.82%
Market Cap
£86.10 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,921.10
+56.39 +0.72%
Volume: 12,104
Feb. 8, 2023 8:03a
loading...
/zigman2/quotes/205079109/delayed
UK : U.K.: London
35.32 p
+0.98 +2.85%
Volume: 71,397
Feb. 8, 2023 8:00a
P/E Ratio
7.27
Dividend Yield
0.00%
Market Cap
£489.00 million
Rev. per Employee
£2.98M
loading...
/zigman2/quotes/200980573/delayed
UK : U.K.: London
153.00 p
-3.40 -2.17%
Volume: 1.29M
Feb. 7, 2023 4:35p
P/E Ratio
44.35
Dividend Yield
0.20%
Market Cap
£649.19 million
Rev. per Employee
£128,549
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