The FTSE 100 index rose 24.9 points, or 0.4%, to 6,444 points today - a fresh six-year high - as mining stocks gained on the back of rising metal prices.
Anglo American rose 3.31% to £26.22 ahead of its full year results due on Wednesday, when the miner is expected to provide further details of a share buyback.
Vedanta Resources advanced 1.79% to £13.09, Lonmin rose 2.94% to £32.90 and Kazakhmys gained 2.46% to £11.26.
Lloyds TSB was little changed, up 0.17% at £6.06, following reports the bank is weighing up the possible sale of its Abbey Life unit.
F&C Asset Management rose 2.70% to £1.80 on weekend press chat Aberdeen Asset Management is ready to tie the knot, although some say a deal is unlikely. Aberdeen advanced 1.07% to £2.11 on the news.
J Sainsbury advanced 1.74% to £5.12 following weekend reports Marks & Spencer may join a bidding consortium for the chain, which in turn gained 0.22% to £6.94.
On the downside, Reed Elsevier dropped 1.81% to £6.24 after Citigroup downgraded the shares from “hold” from “buy”.
And in the US, stockmarket trading is closed for President’s Day Holiday.IFAonline
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