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FTSE 100 Slightly Higher as Oil Jumps; IAG, AAF Shares Rally

London’s blue-chip index edged up on Monday morning, with the FTSE 100 rising 0.3% in a mixed session across European markets. The FTSE 250 dipped 0.1%, Germany’s DAX gained 0.2%, while France’s CAC 40 slipped 0.8%.

Oil prices jumped over 2% after President Donald Trump described Iran’s response to US peace proposals as “totally unacceptable.” Tehran had submitted its reply via Pakistan, which has been acting as mediator, calling for an immediate end to hostilities and guarantees against further US-Israeli strikes on Iranian soil.

The oil price surge lifted BP 1.8% and Shell 1%.

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Airtel Africa is the session’s standout performer, surging 6.4% following Friday’s full-year results for the year ended 31 March 2026.

The telecoms group reported constant currency revenue growth of 24%, with reported revenues climbing 29.5% to $6.4 billion. Profit after tax more than doubled to $813 million, up from $328 million a year earlier, buoyed by tariff adjustments in Nigeria and broader macroeconomic tailwinds across its markets.

IAG is the second-biggest FTSE 100 gainer, rising 5.7%, also building on Friday’s results, which showed first-quarter revenue up 1.9% and operating profit surging 77% year-on-year, driven by strong demand in premium and transatlantic markets.

Today, the airline group also announced a repurchase invitation for its €825 million convertible bonds due 2028.

Compass Group rounded out the top risers, climbing 2% after publishing its half-year report.

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Sam Boughedda
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Sam ist Händler und leitender Aktienmarkt-Analyst auf AskTraders. Nachdem er seine Karriere auf dem Devisenmarkt begonnen hat, konzentriert sich Sam nun auf Aktien, insbesondere auf Basiskonsumgüter.