LONDON, June 21 — London’s FTSE 100 index climbed today, as a rally in crude prices saw energy stocks surge, while shares of Ocado plunged 5 per cent after the online supermarket announced plans to boost its liquidity by more than US$1 billion .
The gains amount to a ‘relief rally’ as concerns of a recession linger on, said David Madden, market analyst at Equiti Capital. Britain’s biggest rail strike in 30 years kicked off yesterday, as tens of thousands of staff walked out in a dispute over pay and jobs that could pave the way for widespread industrial action across the economy in the coming months.
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