British shares rebound on mining, travel stocks boost

London's FTSE 100 jumped on Thursday, led by gains in travel and heavyweight mining stocks, while recruitment firm Robert Walters rose sharply on strong profit forecasts. British recruitment firm Robert Walters rose 2.6% after it said its annual profit would be ahead of its expectations as it benefits from a hot jobs market.

London's FTSE 100 jumped on Thursday, led by gains in travel and heavyweight mining stocks, while recruitment firm Robert Walters rose sharply on strong profit forecasts. The blue-chip FTSE 100 gained 1% by 0705 GMT, with miners Glencore, Anglo-American, and Rio Tinto among the top boosts. Miners added 1.8%, tracking higher metal prices.

Oil major Royal Dutch Shell rose 0.5% after saying it expects a significant cash boost in third-quarter revenue due to soaring gas and power prices. Homebuilder stocks climbed 0.7% after mortgage lender Halifax said British house prices rose by the most in almost 15 years in September.

The domestically focussed mid-cap index advanced 0.8%, with travel stocks among the top performers. Shares of online auto retailer Pendragon PLC climbed 4% after reporting a strong third-quarter performance.

Workspace climbed 2% after it said utilization of its centers by the end of September peaked at 56% of pre-COVID levels mid-week. British recruitment firm Robert Walters rose 2.6% after it said its annual profit would be ahead of its expectations as it benefits from a hot jobs market.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)