The FTSE100 has started strongly this morning after the Bank Holiday break, with brewer SABMiller leading the index 19.10 points (0.31%) higher to 6106.40.
SABMiller is leading the way on the back of merger speculation, currently up 7.11% to 1311.
News its chief executive Arun Sarin will stand down has not damaged Vodafone at all this morning, it is 2.02% ahead to 166.60.
A Merrill Lynch recommendation has buoyed advanced materials firm Johnson Matthey, up 1.92% to 1909.
Persimmon is struggling as the home builder expects to be relegated from the FTSE100 next week, down 3.11% to 498.
Home Retail and Carphone Warehouse are also lower, down 2.7% to 225 and 1.9% to 232.25 respectively.
In New York, the US also enjoyed a public holiday on Monday, with the country stopping to celebrate Memorial Day.
The Dow Jones closed Friday poorly, down 145.99 points (1.16%) to 12479.63, as rising oil prices and another gloomy home sales report smacked investor sentiment.
In Tokyo, Japanese stocks climbed by the most in two weeks on Tuesday, with the Nikkei 225 up 203.12 yen (1.48%) to 13,893.31.
It was good news elsewhere in Asia/Pacific also, with Hong Kong’s Hang Seng 167.24 points (0.69%) ahead to 24,294.55 and Sydney’s S&P/ASX 200 closing 7.40 points (0.13%) higher to 5,714.40.IFAonline
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