Source - SMW
There was a strong start for the FTSE 100 on Monday thanks to surging commodity prices and a bounce back in investor sentiment after last week's global selloff.

Brent crude oil rallied 1.3% to $63.63 per barrel, pushing oil majors BP (BP.) and Royal Dutch Shell (RDSB) 1.9% higher apiece.

Miners were also among the winners. Anglo American (AAL) rose 2.5% to £16.44 and Glencore (GLEN) jumped 2.4% to 369.7p.

Peers Rio Tinto (RIO) and BHP Billiton (BLT) also enjoyed share price strength.

Copper climbed 0.7% to $3.05 per pound and gold glittered at $1,321 per ounce.


Wall Street closed last week in a more positive mood, although Japan's Nikkei 225 was closed today due to a public holiday.

Outside of the Nikkei 225, China's SSE Composite was up 0.8% at 3,154 this morning. In Hong Kong, the Hang Seng retreated 0.1% to 29,459.


Game Digital (GMD) announced a deal with sportswear specialist Sports Direct (SPD) to roll out more of its physical arenas under its BELONG brand, helping the shares level up 10.2% to 41.9p. Sports Direct was flat at 355.8p.

Acacia Mining (ACA) disappointed investors by getting rid of its final dividend for 2017 following an earnings hit. The miner said this was due to a ban on unprocessed mineral exports in Tanzania, the shares fell 16.7% to 143.2p.

Investors overlooked bad news from Barclays (BARC), which was resilient at 192.9p. The high street bank said it faces charges from the Serious Fraud Office in relation to a $3bn loan to Qatar in 2008.

Wood Group (WG.) was up 0.7% at 610p after winning a multi-million dollar five year contract to support Saudi Aramco's delivery of the Marjan oil field in Saudi Arabia.

Over-50s insurance specialist Saga (SAGA) reported a new quota share deal with NewRe and Hannover Re to take on 80% of the motor underwriting risk of its in-house underwriter AICL. Its shares increased 3% to 115.2p. 


UP Global Sourcing (UPGS) plummeted 43.4% to 34.5p following yet another profit warning. The consumer products distributor warned full year underlying earnings will be between £6m and £7m, significantly lower than the forecast £9.2m due to tough market conditions.

On AIM, Lok'nStore (LOK) revealed robust half year trading as like-for-like sales grew 6.9% in the self-storage division. The stock strengthened 4.1% to 388p.

Oil and gas explorer Frontera Resources (FRR) was down 15.9% at 0.4p as investors reacted to the dilution implied by a £2.5m fundraise.

Women's fashion brand Sosandar (SOS) was in the spotlight after beating expectations thanks to huge demand, leading to 'large waiting lists'.  Shares in the company advanced 4.7% to 16.5p.