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

(Reuters) – London’s FTSE 100 rebounded from a 2% fall in the previous session to edge higher on Wednesday as commodity stocks gained, while Just Eat (LON:JE) Takeaway.com slipped to the bottom of index following Uber (NYSE:UBER) Eats’ plan to foray into the German market.

The blue-chip index rose 0.4%, with oil majors BP (LON:BP) Plc and Royal Dutch Shell (LON:RDSa) 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 FTSE 250 index 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.