LONDON MARKETS: FTSE 100 Jumps As Miners, Oil Firms Rise

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By Sara Sjolin, MarketWatch

LONDON (MarketWatch) -- U.K. stocks followed a risk-on trend in European markets on Monday, after weekend polls in Greece put the conservatives in the lead ahead of next month's election.

The FTSE 100 index jumped 0.7% to 5,388.45.

Miners provided the most support to the index, as metals prices were on the rise.

Heavyweights Rio Tinto PLC (RIO) and BHP Billiton PLC (BHP) rose 2.3% and 1.6% respectively, while Antofagasta PLC took on 2.5%.

Oil firms also supported in London, tracking oil prices higher. BG Group PLC ticked 0.7% higher, Royal Dutch Shell PLC (RDSA) (RDSB) added 0.6% and Tullow Oil PLC advanced 2.3%

Sentiment in the U.K. was inspired by gains In Europe, where stocks moved higher after polls in Greece put the pro-bailout New Democracy party in the lead ahead of parliamentary elections in June, offering signs of progress toward stabilization in the debt-laden country.

Some banks moved up with Barclays PLC up 1.4% and Lloyds Banking Group PLC 1.7% higher.

Drinks business Diageo PLC ticked 1% higher after reaching an agreement to buy cachaca brand Ypioca from Ypioca Agroindustrial Limitada for about 300 million pounds ($471 million).

Outside the main index, Inmarsat PLC rose 3.6% after Jefferies raised the telecom firm to buy from hold.

(END) Dow Jones Newswires

May 28, 2012 04:47 ET (08:47 GMT)

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EuroInvestor: I fokus

BHP BLT FPO	34,83	1,2%	10,78,73,95,94,92,94,84,85,70
RIO Tinto FPO	55,29	0,0%	36,65,68,81,81,87,75,62,54,36
Antofagasta PLC	939,16	0,4%	24,63,70,70,93,85,67,49,54,72
Barclays PLC	326,80	0,0%	13,28,37,32,49,56,63,80,72,71
BG Group PLC ORD 10P	1.226,92	-0,3%	4,37,71,82,76,76,45,50,76,82
BHP Billiton PLC	1.934,27	0,3%	31,61,95,84,88,96,76,68,67,74
Diageo PLC	2.023,13	-0,2%	87,20,22,21,7,10,17,29,25,22
Lloyds Banking Group PLC..	62,84	0,0%	21,64,57,67,64,79,79,92,88,83
RIO Tinto PLC ORD 10P	2.909,81	0,4%	30,40,51,73,86,92,95,73,75,73
Tullow OIL PLC ORD 10P	1.051,19	0,7%	20,70,70,70,94,78,52,61,45,62
Barclays PLC	20,03	0,0%	0,85,64,65,70,75,77,83,98,89
BHP Billiton Limited	67,66	0,0%	0,78,56,52,38,51,41,49,49,61
Diageo PLC	123,20	0,0%	100,20,11,13,22,24,28,32,32,25
Lloyds Banking Group PLC..	3,85	0,0%	0,85,77,76,84,83,92,92,100,100
Rio Tinto PLC	44,00	0,0%	0,81,50,31,37,40,25,39,37,35
BHP Billiton PLC Sponsor..	58,61	0,0%	0,82,56,54,46,55,45,53,59,58
Inmarsat PLC Ord Eur0.00..	665,29	0,5%	85,38,21,17,25,42,51,29,8,28
Royal Dutch Shell PLC 'A..	2.229,43	0,0%	0,12,19,22,26,25,24,24,25,22
Royal Dutch Shell PLC 'B..	2.306,91	-0,1%	8,31,38,57,66,67,56,67,71,56
Royal Dutch Shell PLC CL..	70,06	0,0%	0,91,86,79,75,77,72,69,69,65
Royal Dutch Shell PLC CL..	67,80	0,0%	0,93,82,63,60,64,66,64,77,73
Diageo ADR ADR (4:1)	127,25	0,0%
Diageo	23,94	0,0%	96,100,25,66,0,62,48,37,37,37
Royal Dutch Shella	26,40	0,0%	16,40,48,81,86,93,86,82,83,70
Royal Dutch Shellb	27,40	0,0%	79,79,0,0,99,99,100,100,99,99