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FTSE 100 Rises In Cautious Trade

U.K. stocks rose on Monday after falling sharply last week on concerns around stalling domestic economic recovery.

The benchmark FTSE 100 rose 37 points, or half a percent, to 7,065 after ending 1.5 percent lower last week.

Oil and gas stocks moved higher, with BP Plc rising 1 percent and Royal Dutch Shell climbing 1.4 percent as oil prices hit one-week high on U.S. supply concerns.

Engineering services firm Babcock rallied 3 percent after it agreed with Equitix Investment Management Limited for the sale of 15.4 percent shareholding in AirTanker Holdings Limited for 126 million pounds.

SThree Plc, a pure-play specialist staffing business, surged 6.5 percent. The company expects fiscal 2021 profit performance to be significantly ahead of consensus.

Associated British Foods tumbled 3 percent after fourth-quarter sales at its Primark fashion business came in below estimates.

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