*
FTSE 100 up 0.5%, FTSE 250 adds 0.6%
April 17 (Reuters) - The UK's FTSE 100 rose on Monday, extending gains for a seventh straight session, with miners and oil heavyweights boosting the resource-rich index, while shares of Network International surged on a buyout offer.
The blue-chip FTSE 100 rose 0.5%, while the mid-cap
FTSE 250 added 0.6%, as of 0712 GMT.
Energy stocks added 1.2% as crude prices rose
on OPEC+'s plans to cut more output and as markets eyed Chinese
economic data for signs of demand recovery. Adding to gains, metal miners rose 1.8% as
tin prices jumped to their highest in nearly two months amid
talks of a potential ban on mining in major ore producer
Myanmar. Among individual stocks, Network International soared 21.3% after the payments provider received a takeover
proposal from a consortium of CVC Capital and Francisco
Partners.
John Wood Group added 7.2% after the company decided
to engage with Apollo Management for a firm offer for a final
buyout price of 240 pence per share.
(Reporting by Shristi Achar A in Bengaluru)
UK hot stocks: and Wall Street: Gilts report: Euro bond report Pan European stock report: Tokyo stocks: HK stocks: Sterling report: Dollar report:
* For company prices, click on -
* Company directory: By sector:
* For pan-European market data, click on -
* European Equities speed guide................ FTSE Eurotop 300 index........................... DJ STOXX index................................... Top 10 STOXX sectors........................ Top 10 EUROSTOXX sectors................... Top 10 Eurotop 300 sectors.................. Top 25 European pct gainers.................... Top 25 European pct losers..................... ))
