UK Stocks Close Higher

The FTSE 100 rose about 1% to close at 10,782 on Monday, recovering from last week's selloff, buoyed by mining stocks. Precious metal miners Antofagasta (6.2%), Endeavour Mining (4.9%), Fresnillo (4.2%) and Glencore (4.1%) all advanced strongly, tracking higher gold and copper prices. Babcock International, Rolls-Royce,BAE Systems and Prudential were also among the top performers, rising between 4%-5.1%. On the downside, Whitbread, Imperial Brands, British American Tobacco and Haleon posted the largest declines. Also, Shell (-0.7%) and BP (-0.6%) remained under pressure from weaker crude prices. On the data front, the Recruitment and Employment Confederation (REC) and KPMG reported that UK employers scaled back recruitment in October for the first time in four months.