Royal Dutch Shell was pulling up the benchmark FTSE 100 on Monday, after a report the energy producer might sell its largest U.S. oil field.
The report from Reuters that Shell might sell all 260,000 acres of its holding in the Permian Basin lifted its stock
by 2%. Shell was weighing the move as part of its shift toward lower-carbon ventures, the report said.
Airlines stocks struggled however, as the U.K. was set to announce a four-week delay to the full reopening of the economy, with British Airways owner International Airlines Group
slipping 3%. Informa
the conference organizer, also fell 3%, and hotels operators InterContinental Hotels
By contrast, food-delivery service provider Just Eat Takeaway’s
shares rose 2% on the increase in stay-at-home expectations.
The FTSE 100
rose 0.3% in afternoon trade.