London stocks start strong as banks and miners rise

UK’s FTSE 100 opened higher on Monday, lifted by lenders and precious metal miners, but mid-cap oilfield services and engineering firm John Wood Group logged its worst day ever after Apollo Global walked away from a potential deal.

The blue-chip FTSE 100 (.FTSE) rose 0.3% up, extending gains from Friday, after data showed the domestic economy grew slightly in the first quarter of the year.

Precious metals miners (.FTNMX551030) were the biggest boost, gaining 1.5%, tracking gains in bullion prices.

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

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