UK’s top share index rose on Monday, boosted by oil stocks as crude markets gained on concerns over tight supplies, with investors awaiting the earnings season to pick up pace to gauge the impact of surging prices and higher interest rates.
The blue-chip FTSE 100 .FTSE rose 1% by 0713 GMT, and the domestically focussed FTSE 250 index .FTMC added 0.5%, with overall trading volumes lightened by a U.S. holiday.
Both the indexes started the second half of 2022 on a subdued note on Friday after a rough first six months amid worries that aggressive rate hikes to tame soaring inflation would trigger a global recession.
Valeura Energy Inc (LON:VLU) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.