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FTSE 100 starts week on the front foot; B&Q owner Kingfisher slumps while ITV soars - Market Report

FTSE 100 starts week on the front foot; B&Q owner Kingfisher slumps while ITV soars -  Market Report

London's FTSE 100 started the week on the front foot, ticking up 30 points to 8,292.

B&Q owner Kingfisher slumped as trading got underway though, after warning of a £31 million increase in costs due to the Budget and reporting a drop in third-quarter sales.

ITV soared in the meantime as reports emerged that a string of firms were weighing up potential bids for all or part of the broadcaster.

Anglo American also climbed following news it had penned a deal to sell its steelmaking coal business to Peabody Energy Corporation (NYSE:BTU) for up to $3.8 billion.

And finally elsewhere, Bitcoin once again appeared on the verge of hitting the $100,000 mark on Monday morning, having climbed to just over $98,200.

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