for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Energy stocks lift London's FTSE 100 as oil prices surge

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* FTSE 100 up 0.3%, FTSE 250 adds 0.1%

Feb 8 (Reuters) - London’s FTSE 100 rose on Monday, as energy stocks tracked a jump in oil prices on hopes that global vaccine rollouts would quicken the economic recovery this year.

The commodity-heavy FTSE 100 was up 0.3% by 0806 GMT, snapping a three-day losing streak. BP and Royal Dutch Shell were among the biggest boosts to the index after oil prices surpassed $60 a barrel on Monday.

The mid-cap FTSE 250 index added 0.1%, gaining for a sixth straight day.

Shares of British retailers were subdued in early deals as a report said the government was planning to tax companies whose profits soared during the COVID-19 pandemic.

Rolls-Royce shed 2.0% after the aero-engine maker said it was proposing a two-week operational shutdown of its civil aerospace unit over the summer. (Reporting by Amal S in Bengaluru; editing by Uttaresh.V)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up