The FTSE 100 shook off early losses to close modestly higher on Monday, extending its winning streak to a third consecutive session and outperforming most major global benchmarks. The index’s relatively limited weighting in technology stocks helped buffer it from broader market volatility. Sentiment was further supported as oil prices retreated from earlier highs, following comments from President Donald Trump indicating that Iran and Israel were considering an immediate ceasefire, which lifted hopes of a de-escalation in the Middle East.
On the corporate front, Tate & Lyle rallied sharply after agreeing to a £2.7 billion takeover by US group Ingredion, which offered 615 pence per share in cash—a substantial premium to its recent trading range. Elsewhere, British American Tobacco advanced roughly 1.5%, HSBC climbed 0.8%, and Shell gained 0.4%, collectively helping to nudge the blue-chip index into positive territory by the close.
