3 years, 3 months ago
Royal Mail leads the way as markets bounce back from tough week
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The FTSE 100 bounced back somewhat from last week’s troubled performance as housebuilders and oil majors notched up a strong Monday. “European markets have got off to a positive start to the week, with the energy sector helping to push the FTSE 100 back up towards the 7,100 level, with BP and Shell outperforming, as power prices surge across Europe, although it still remains some way short of reversing the losses of last week,” said CMC Markets analyst Michael Hewson. “Huge sell-offs are relatively rare, but even if the next few weeks follow the usual pattern stocks might find themselves able to avoid major losses, but find it equally difficult to make much headway.” Royal Mail sat at the top of the index after a report over the weekend that it has agreed a deal with Amazon over a click-and-collect parcel service.
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