By Carla Mozee, MarketWatch
LONDON (MarketWatch) -- U.K. stocks edged higher Monday, as
recently beaten-down oil shares posted modest advances.
The FTSE 100 picked up 0.1% to 6,306.67.
Ranking at the top of the FTSE 100 were oil producers Tullow Oil
PLC , up 3.2%, and BG Group PLC , higher by 2.4%. Tullow shares
have declined over past eight sessions, and BG Group has fallen in
the last three sessions, each hit as oil prices have tumbled to
five-year lows on oversupply concerns.
Shares of oil-services provider Petrofac Ltd. picked up 2%
following last week's 12.9% rout.
BT Group PLC shares were 0.5% ahead of an expected announcement
on whether mobile-services company EE or rival provider O2 will be
the target of an acquisition. EE is a joint venture of Deutsche
Telekom AG and Orange SA , and O2 is owned by Telefonica .
Leading the decliners on the FTSE 100 was media company Sky PLC
, down by 1.2%.
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