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UK stocks opened substantially higher on Tuesday, boosted by a rise in oil prices inspired by hopes of rising demand for energy as countries tentatively emerge from lockdowns.
At 0820, the benchmark FTSE 100 index was up 94.3 points, or 1.6%, at 5.848.08.
BP jumped 4.9% to 315.17p and Shell firmed 4.7% to £13.242.
Cairn Energy gained 3.0% to 116.83, despite a well offshore Mexico in which it held a 30% stake coming up dry.
Elsewhere, cruise operator Carnival rose 5.6% to £10.185 after it confirmed news first issued on Monday that it planned to commence eight services from US ports from 1 August and elsewhere from 31 August.
Budget carrier Ryanair ascended 2.7% to 9.47c, even as it revealed it had carried 99.6% less passengers in April.
Rival carrier Wizz Air added 0.6% to £26.26, having carried 97.6% less passengers over the same month.
Housing services group Mears fell 0.6% to 162.5p as it forecast 'modest operating losses during the UK's coronavirus lockdown period.
Refractory product supplier RHI Magnesita gained 2.1% to £23.92, even as it said it faced an increasingly challenging trading environment in the second quarter as the Covid-19 crisis crimps orders.
Real estate investor LondonMetric Property rose 2.3% to 186.83p after it said it would pay a final dividend for its 2020 financial year and planned and raise £100m from a share issue to spend on acquisitions.
The issue price would be being determined via a bookbuild process. LondonMetric also reported a rise in annual earnings and said 92% of rental payments due by 1 April had been collected or were being collected monthly.
Office and industrial property investor Regional REIT firmed 2.0% after it too reported securing high levels of rent collection during the Covid-19 crisis.
Subsea cable protection group Tekmar rallied 10% to 127p as it forecast a 40% rise in revenue for the financial year just completed, and said current demand in the offshore wind sector remained strong.
Mobile games developer Gaming Realms jumped 7.6% to 9.9p on announcing that it had extended a licensing and revenue share agreement with 888 Holdings.
