(MENAFN- ProactiveInvestors) topped the FTSE 100 leaderboard rising 4.6% following the collapse of rivals City Link.
As the troubled courier fell into administration investors sent shares 4.6% higher as the London listed postal group is now set for a significant boost to market share.
More broadly the market brushed off the latest Greek crisis – the necessity for another election later this month after failing to reach a majority in its latest vote.
The FTSE 100 added 23 points or 0.36% closing Monday's session at 6633.
aside it was the miners that led the way.
() and () also sat among the day's best performers gaining 2.7% each while Randgold () () () and Antofagasta () also marked spots in Monday’s ‘top 10’ FTSE 100 stocks.
() which today announced the first LNG shipment from its new Queensland facility also advanced 10p.
Among the fallers were (LON:BT.) RSA Insurance () and Burberry ().
While the chequered designer trended lower (LON:CHOO) hot-stepped into the FTSE 250’s best risers – adding almost 3%.
Elsewhere among the mid-caps Egyptian gold miner Centamin () and Vedanta () gained strongly.
() shares gained ground after revealing a second discovery in an exploration well in Iraq near Basra. The Yamama formation flow tested at rates 5000 and 8000 barrels of oil per day.
On AIM people and property tracking technology firm Starcom rocketed some 250% after revealing a tie-up with Germany’s largest Porsche dealership which will offer the group’s Helios system as a dealer fitted extra.
The dealership sold more than 2500 new Porsche’s in 2014 and Starcom reckons as many as 26 other German dealerships will also sign-up.
A “game changing” gas supply deal was the trigger for ’s () rise on Monday.
The deal with ENEO Cameroon the country’s utility company will see VOG supply gas to two power stations in the industrial city of Douala.
“We are now becoming an active part of the Cameroon energy equation” said Kevin Foo VOG’s chairman.
Elsewhere shares in () rose after the explorer said it planned to launch a US$1mln private placement of stock.
The injection of new funds should allow the group the meet the main financial condition of its acquisition of a stake in the Beutong copper-gold project Sumatra Indonesia.
() said it has enough information to assert its new gas discovery in Paraguay can be commercialised but technical problems with the well has meant the oil reservoir cannot be tested at this time.
Chairman Peter Levine says he is confident that President has established the presence of a large new resource base - Lapacho's Santa Rosa formation could contain between 1 to 5 tcf of gas and condensate while the basin wide potential is estimated in a range of 1 to 4 bn barrels.
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