6,756

There was little companies news announced in London on Monday.

Vodafone updated investors on the progress of Vantage Towers. Revenue at the company’s telecoms towers arm hit 725 million euro (£633 million), Vodafone said.

The markets are looking strongly at Vantage Towers as Vodafone has said it plans to spin off the arm into a separate listed company sometime in the next few months. Shares in Vodafone rose 1.25%.

Mitchells & Butlers announced plans to raise £350 million from big investors by selling them around 167 million new shares. Investors said that without their cash the future of the pub business, which employs 40,000 people in the UK, would be “bleak”. Shares rose 7.9%.

The biggest risers on the FTSE 100 were IAG, up 13.6p to 159.55p, BP, up 20.45p to 278.9p, Shell ‘B’, up 97p to 1380p, Compass Group, up 105p to 1496p, and Shell ‘A’, up 98.8p to 1436p.

The only fallers on the FTSE 100 were Fresnillo, down 4p to 1024p and RSA Insurance, down 0.6p to 676.6p.