Reports Saudi Arabia and Russia will 'do whatever it takes' to support oil prices helps drive crude higher and push the commodities-focused FTSE 100 close to record highs, 0.28% higher to 7,456.39.
As you would expect, mining and oil stocks dominate the FTSE leaderboard.
Travel operator TUI AG (TUI) falls 5.5% to £11.25. Investors apparently unconvinced the company can grow underlying earnings 10% this year despite mounting losses in the first half. Revenue for the six months to 31 March is up 8.2% to €6.69bn but its underlying loss before interest tax, depreciation and amortisation ticked up to €214.4m.
Funeral services provider Dignity (DTY) says revenue is up by nearly 15% to £93.3m after a 7% year-on-year lift in the UK death rate in the first quarter. The high margin business reports underlying profit up 20% to £37.4m.
CCTV and surveillance minnow UniVision (UVEL:AIM) falls 20% to 3.5p as investors take profit after Friday afternoon's spectacular rally. The shares more than quadrupling after it announced a £38.1m contract with MTR Corporation in Hong Kong.
Cyber security business Sophos (SOPH) is clearly seen as a winner from the fall out of the global ransomware hacking attack, shares in the FTSE 250 business shooting 7.5% higher to 366.5p.
Elsewhere in the IT security space, recent addition to AIM ECSC (ECSC:AIM), is also soaring. Shares in the tech tiddler soar nearly 25% to 492.5p, with investors presumably assuming it too will see demand for its tools and services increase in the wake of this latest hacking attack.
Consulting cyber security business NCC (NCC) and distributed denial of service (DDoS) specialist Corero Network Security (CNS: AIM) are also in demand with investors, their respective share prices are both up around 3.5% to 143p and 8p.
