FTSE 100 rises on boost from BP, Shell; Just Eat Takeaway slumps



© Reuters. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain

(Reuters) – London’s rebounded from a 2% fall in the previous session to edge higher on Wednesday as commodity stocks gained, while Just Eat (LON:) Takeaway.com slipped to the bottom of index following Uber (NYSE:) Eats’ plan to foray into the German market.

The blue-chip index rose 0.4%, with oil majors BP (LON:) Plc and Royal Dutch Shell (LON:) adding 2.2% and 2.0%, respectively, as Azerbaijan’s energy ministry said BP’s oil output was 5.9 million tonnes in the first quarter.

The domestically focussed mid-cap added 0.1%.

Just Eat Takeaway.com fell 4.3% after a media report said Uber Eats is planning launch in the German food delivery market, in a challenge to the food ordering and delivery firm.

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