- Miners continued to dominate the blue-chip index thanks to stronger commodity prices, while pharmaceutical giants AstraZeneca (AZN) and Shire provided additional support.

Fresnillo (FRES), Anglo American (AAL) and Rio Tinto (RIO) rallied by approximately 4% to 5%.

Oil prices remained weak as US operators boosted activity, which undermined producers' cartel OPEC's aim to address global oversupply.

West Texas Intermediate and Brent crude oil stood at $48.41 and $51.41 respectively.

Gold gained 0.2% to $1,203 per ounce and copper advanced 1.2% to $5,776 per tonne.


On Wall Street, investors were cautious on Monday ahead of an expected interest rate hike by the Federal Reserve on Wednesday.

In Asia, the SSE Composite closed 0.7% higher, while the Nikkei 225 in Japan was flat.


Housebuilder Bovis Homes (BVS) rejected two takeover approaches from Redrow (RDW) and Galliford Try (GFD).

Redrow's proposal was structured as a cash and shares deal, which valued Bovis at a discount to its closing share price on Friday. Galliford wanted an all-share merger with its shareholders owning 52.25% of the enlarged business, and was priced at a 7% premium. Investors were excited by the interest as the stock gained 8.9% to 901p.


Oil services group Amec Foster Wheeler (AMFW) received an all-share takeover offer from Wood Group (WG.), priced at 15% above its share price last Friday. Wood's shareholders would own two thirds of the enlarged group if the deal succeeds. The business said the merger would be earnings accretive in the first full year once the transaction completed.

Shares in Amec jumped 12% on the potential deal.


Robotic mobility device maker Rex Bionics (RXB) crashed 69% to 4p after announcing it needs more money by the end of April to keep trading. Management reported it is in talks to sell its business to a new operating company, although it doesn't say how much existing shareholders would own of this new entity. It said shareholders may lose all their money if that deal fails and Rex cannot find alternative sources of cash.

Strategic Minerals (SML) announced its subsidiary Southern Minerals Group won a contract on Friday with private firm Galvin for the sale of up to 350,000 tonnes of magnetite, sparking a rally of 23.7%.

AIM-listed Sunrise Resources (SRES) excited the market on news that it discovered new zones of natural pozzolan and perlite, as the stock jumped 21.7%.

Bad weather in Louisiana delayed planned work at Mayan Energy's (MYN) LM 13-Shallow well and dragged the share price 16.7% lower.

Investing company Paternoster (PRS) announced GAEA Resources, a trading firm in Hong Kong, acquired a 22.7% stake in the business, which will provide 'attractive investment opportunities and additional capital.' The stock climbed 14.5% higher on the news.

Shares in Quadrise Fuel (QFI) went 29% in the other direction as Maersk Line had to suspend its trial on its MSAR vessel thanks to operational reasons, despite the trial's success to date.

One of the largest stocks on AIM, Hutchison China Meditech (HCM), reported full year results beat expectations on the back of record revenues. Sales rose 21% to $216.1m, pushing the stock 7% higher.

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