London stocks rose in early trade on Monday following heavy losses last week, helped along by well-received results from Bunzl and a guidance upgrade from Associated British Foods.
At 0840 GMT, the FTSE 100 was up 0.9% at 7,946.15. Stocks in the UK and US fell on Friday after the release of hotter-than-expected PCE inflation data.
In corporate news, Primark owner Associated British Foods rallied after it lifted full-year guidance as consumer spending proved to be more resilient in the first half and inflationary volatility eased.
The group said it now expects adjusted operating profit to be broadly in line with the prior year, having previously forecast adjusted operating profit below the €1.44bn made in 2021-22.
Jarvis Investment Management Ltd offers a wide range of stockbroking and administration services and solutions. Their parent company, Jarvis Securities plc (LON:JIM) is listed on AIM.