- Oil firms and miners dominated the FTSE 100 on reports that Saudi Arabia and Russia would 'do whatever it takes' to push oil prices higher.

Brent crude oil rallied 2.7% to $52.21 per barrel on the news. Gold was stable at $1,227 per ounce while copper advanced 0.6% to $5,577 per tonne.

Among the risers were oil giants Shell (RDSB) and BP (BP.) that gained over 1.2% each. Miners Antofagasta (ANTO) and BHP Billiton (BLT) rose 1.8% and 1.6% respectively.

However, the FTSE pared early gains at 7,441 as consumer and retail stocks acted as a drag on the index.


Wall Street closed lower on Friday as weaker than expected retail sales weighed on investor sentiment.

In China, the SSE Composite was resilient despite a missile launch by North Korea on Sunday and media reports of a 'ransomware' cyberattack that was speculated to affect over 29,000 institutions.


Tour operator TUI (TUI) fell 4% to £11.43 as investors were underwhelmed by lower demand in Turkey and North Africa. The market overlooked a narrower first half loss of €308.6m, down from €394.9m a year ago.

Telecoms firm Vodafone (VOD) reported its subsidiary Vodafone International agreed to transfer part of its indirect stake in Safaricom to Vodacom, its sub-Saharan African subsidiary.


Funeral services provider Dignity (DTY) reported operating profit rose from £31.1m to £37.4m as the number of deaths was higher in the first quarter of 2017 compared to the same period in 2016. Shares in the firm increased 6% to £26.84.

Shares in film distributor Entertainment One (ETO) retreated 2.8% to 230.2p after the company announced that director Ron Atkey passed away. He held the position since November 2010.


Medilink-Global UK's (MEDI) fell 12% to 1.1p as directors confirmed it would cancel its AIM listing.

Investors took profit in CCTV business UniVision (UVEL) after its shares more than quadrupled following its £38.1m contract win from MTR on Friday. The stock plummeted 45% to 2.4p.

Reports that ECO Animal Health (EAH) was likely to beat pre-tax profit expectations in the year to 31 March pushed its shares 12.4% higher to 565p.

Eager clients at Bilby (BILB) boosted the stock by 9.2% as the company said several of its clients expanded the scope of required work before its year end.

The world's second largest online poker brand 888 (888) was informed the UK's Gambling Commission was conducting a review into licensing activities of its subsidiary, prompting a 6.9% drop to 277.5p.

San Leon Energy (SLE) was punished by the market after it did not make the second payment due to Avobone after a settlement over a series of disputes between the two companies. The stock slumped 5.2% to 43.2p.

A fatality at Caledonia Mining's (CMCL) Blanket Mine in Zimbabwe on 12 May 2017 dragged the shares 2.3% lower to 96.7p.

Tonic water seller Fever-Tree (FEVR) was flat at £16.94 despite expectations that its full year results would be higher than anticipated.

Premier Oil (PMO) reported oil production jumped by 44% to 82.6 barrels of oil equivalent per day in the first four months of 2017 compared to the same period in 2016.

Poor mining production weighed on Lonmin (LMI) who also acquired the remaining 7.5% of the Pandora joint venture. Shares in the platinum miner were 4.7% lower at 107p.

Haydale (HAYD) acquired its remaining stake in its US subsidiary Haydale Technologies from InVentures for $513,500.

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