StockMarketWire.com - The FTSE 100 rebounded on Monday after Friday's big sell-off. By midday the index was up 1.2% to 7,126.32 as countries took swift action in the face of a the new Covid variant and amid speculation central banks would push back tightening of monetary policy.

Telecoms firm BT pared earlier larger gains to trade 6% to 163.2p as Indian conglomerate Reliance Industries dismissed reports it was set to make a bid.

Irn-bru maker AG Barr upgraded its full-year expectations amid ongoing 'strong' performance in 'on the go' and hospitality sectors. Its share price rose 4.9% to 491p.

Shopping centre owner Hammerson was up 3.5% to 31.5p after confirming press speculation that it was in talks to sell Silverburn, its flagship destination near Glasgow.

Aquaculture biotechnology company Benchmark was up 2.2% to 63.9p after reporting narrower annual losses as its turnaround strategy continued to take shape.

Online education company Dev Clever was flat at 31.9p despite upgrading its full-year guidance on the core earnings after revenue soared year-on-year as new business wins bolstered performance.

Biopharmaceutical company Avacta was up 6.5% to 127.8p after reporting that the US Food and Drug Administration had approved its investigational new drug application for AVA6000.

Financial software company Arcontech warned on revenue after one customer reduced its market spend with the company and another decided against renewing its contract. Its shares fell 15% to 107.5p.

International Personal Finance swung to a profit in the first nine months of the year, as cost cuts offset a fall in revenue. Its shares fell 1.9% to 125p.

Venture capital firm Molten Ventures was up 4% to 910p after reporting a jump in operating profit as the value of its portfolio was boosted by strong returns on exit and new fund inflows.

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