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London Markets: Shell and BP carry FTSE 100 higher as Deliveroo slumps

The top U.K. stock market index enjoyed a solid advance on Monday, buoyed by the energy sector.

The FTSE 100
UKX,
+1.10%

rose 1% to 7,194.65, boosted as Royal Dutch Shell
RDSB,
+2.30%

and BP
BP,
+2.44%

each got a lift from strength in crude-oil prices
CL.1,
+2.93%
.

The London Stock Exchange
LSEG,
+1.35%

rose after agreeing to pay as much as £274 million for Quantile Group, a provider of services for hedge funds and banks trading over-the-counter derivatives.

Deliveroo
ROO,
-3.98%

shares slumped 8%, hurt by fears over the European Commission’s impending gig worker rules that could come as early as Wednesday. Just Eat Takeaway.com
JET,
-6.78%

also dropped.

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