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FTSE 100 soars as energy, mining stocks soar by Reuters

© Reuters. File photo: Pedestrians enter and leave the London Stock Exchange in London, England, on August 15, 2017.Reuters / Neil Hall / File Photo

(Reuters)-London’s heavyweight energy and mining stocks rose on Tuesday, pushing the high-cap index to the maximum after Royal Dutch Shell (LON :) announced plans to sell its assets in the Permian Basin.

The high-end FTSE 100 rose 0.7% in early trading.Oil major BP (LON :) and Miner BHP Group, Anglo American (LON :) and Rio tinto (LON :) was one of the top boosts.

Royal Dutch Shell is the largest in the United States as it has surged 3.3% after announcing that it will sell its Permian basin assets to ConocoPhillips (NYSE :) for $ 9.5 billion in cash, with a focus on the transition to clean energy. Withdrew from the oil field of.

The domestic-focused mid-cap index rose 0.5%, with travel stocks one of the top risers.

In a revenue-driven move, UK home refurbishment retailers Kingfisher (LON :) Despite reporting a surge in profits in the first half, it fell 3% to slip to the bottom of the FTSE 100.

British shipping company Stagecoach Group (LON :) After discussing the possibility of a reverse stock split with rival operator National Express, it surged 19.5%.

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FTSE 100 soars as energy, mining stocks soar by Reuters

Source link FTSE 100 soars as energy, mining stocks soar by Reuters

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