London (AFP) - London's leading share index rebounded on Monday as traders breathed a sigh of relief over easing tensions in east Ukraine and gains by Western-backed forces in Iraq.
The benchmark FTSE 100 index climbed 0.78 percent at 6,741.25 points.
"Events in Ukraine had every chance of escalating over the weekend, however Ukrainian forces appear to have had the upper hand over the last 48 hours, giving the region a calmer look as the business week starts," said Alastair McCaig, market analyst at IG trading group.
"Proactive measures from the White House towards tackling the situation in Iraq continue to offer the markets support," he added.
CRH was the highest climber, rising 2.75 percent to 1456 pence. It was followed by Hargreaves Lansdown, climbing 2.69 percent to 1109 pence.
British Land saw the heaviest losses, falling 0.82 percent to 724.50 pence, while Randgold fell 0.69 percent to 5030 pence.
Lloyds Banking Group (LBG) was the most traded blue chip with 62.65 million units changing hands, followed by Vodafone with 36.58 million.
On the currency markets the pound rose to $1.6721 from $1.6693 at around 5:10 pm while it ascended to 1.2519 euros from 1.2456 over the same period.