By Carla Mozee, MarketWatch
LONDON (MarketWatch) -- U.K. stocks rose Monday, with travel
shares among gainers as the first full week of trading in 2015 got
underway.
The FTSE 100 rose 0.3% to 6,566.72, a turnaround from losses
seen when the market opened.
Travel stocks were higher as oil prices continued to decline, a
move that's seen as a benefit to the travel industry. Shares of
cruise ship operator Carnival PLC were up 2.8%, and British Airways
parent International Consolidated Airlines Group rose 2.4%, as did
budget carrier easyJet PLC . Off the benchmark, shares of Ryanair
rose 1.8% after the low-cost carrier said traffic in December rose
20%.
Oil futures dropped Monday, feeling the weight of a rising
dollar on the commodity. Brent crude and Nymex crude futures for
February (CLG5) each fell 1.5%, with Brent below $56 a barrel and
Nymex futures below $52 a barrel.
Shares of British oil major BP PLC (BP) fell 1%. BP came in to
focus following a Financial Times report that the company is poised
to lose hundreds of million of dollars in earnings and dividend
income linked to its stake in Russian oil company Rosneft because
of the slide in oil prices and a slide in the ruble's value.
The FTSE 100 on Friday fell 0.3%.
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