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* FTSE 100 up 1.4%, FTSE 250 adds 1.3%
March 1 (Reuters) - British shares rebounded on Monday, led
by energy and mining stocks, as hopes of a vaccine-led economic
recovery and more U.S. stimulus overshadowed fears of rising
inflation and tightening monetary policy.
The blue-chip FTSE 100 index .FTSE climbed 1.4% by 0804
GMT, with mining stocks including Rio Tinto RIO.L , Anglo
American AAL.L and BHP BHPB.L gaining between 2.1% and 3.1%.
Oil heavyweights BP BP.L and Royal Dutch Shell RDSa.L
also provided the biggest boost, with gains of 1.8% and 1.7%,
respectively. O/R
The domestically focused mid-cap FTSE 250 index .FTMC rose
1.3%. Britain's factory activity data for the month of February
is due at 0930 GMT.
AstraZeneca (NASDAQ:AZN) Plc AZN.L rose 1.1% after a report said the
company had sold its 7.7% stake in Moderna Inc MRNA.O for more
than $1 billion. Ladbrokes owner Entain ENT.L rose 1.7% as it raised its
offer for rival sports betting firm Enlabs AB NLABA.ST ,
valuing the Sweden-based company at about 3.7 billion crowns
($440.16 million).