FTSE100 ends higher; Europe remains lower after Paris attacks

The FTSE100 ended the day 18 points higher to 6,136 but it was a different story in mainland Europe

The biggest faller on the FTSE 100 was TUI Group

London’s blue-chip stocks ended the day slightly higher, recovering losses made at the end of last week.

The FTSE100 ended the day 18 points higher to 6,136 but it was a different story in mainland Europe, where the French Cac40 nudged 10 lower to 4,798 and the German Dax eased 17 points to 10,690.

Friday’s terror attacks continue to hang over the market, with travel and holiday companies lower in the aftermath of the attacks in Paris.

The biggest faller on the FTSE 100 was TUI Group (LON:TUI), the travel firm, which fell 4% to 1,087p.

Elsewhere, British Airways' owner IAG (LON:IAG) lost almost 3%, or 17p, to 575p and cruise firm Carnival (LON:CCL) down 2.5%, or 88p, to 3,383p were also lower.

An analyst said the closure of France's borders, along with other security measures, could hit consumer confidence considerably in the coming days and weeks.

Hoteliers such as Premier Inn owner Whitbread (LON:WTB) and Holiday Inn owner InterContinental Hotels (LON:IHG) also drifted on concerns that they could take a hit from people staying home for fear of further attacks.

In the US, after the opening hour’s trading the Dow Jones was 43 points, 0.25%, higher at 17,288 whilst the S&P 500 was similarly up 0.23% at 2,027.

The Nasdaq, meanwhile, was mostly flat at around 4,925.

Back in the UK, not every company was down, with housebuilder Taylor Wimpey (LON:TW.) higher after it reported a record order book and forecast higher profits this year.

The group said excellent summer sales had strengthened further in the autumn as UK wages and mortgage availability improved. Shares gained 4% to 180p.

In the mid cap space, Premier Oil (LON:PMO) has continued its drive to stave off the worst effects of falling oil prices by selling its Norwegian business for US$120mln. Shares lifted 7.4%, or 5p, to around 74p.

Diploma (LON:DPLM) reported a 4% jump in pre-tax profits to £51.8mln last year, but the results could have been even better, as weaker Australian and Canadian dollars impacted the results. Shares rocketed 17% to 108p, to 716p.

In the world of small caps, PCG Entertainment (LON:PGCE) jumped 55% to 1.75p on Monday.

 The online gaming firm said it continues to grow in China, despite the recent economic turmoil.

The group reported revenue rose in the three months to September to US$6mln from US$1,112 the year before.

Meanwhile, Goals Soccer (LON:GOAL) climbed 8.2% or 11p to 145p as Mike Ashley-backed Sports Direct bought an almost 5% stake in the company.

Conversely, Velox3 (LON:VLOX) fell some 65% to 0.18p as the firm said it doesn’t think it will not be able to implement an investment policy before the December 4 deadline and will be suspended from AIM on December 7.

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