Persimmon rises on Barclays upgrade
Glencore gains on CEO meeting plans for deal support
British retail sales up on Mother39;s Day spending
FTSE 100 up 0.4, FTSE 250 adds 0.8
April 11 Reuters London39;s FTSE 100 rose on Tuesday as miners and oil stocks boosted the commodityheavy bourse, while shares of Cineworld slid as the world39;s secondlargest cinema chain operator filed a plan of reorganisation.
The bluechip FTSE 100 rose 0.4 to hit a onemonth high by 0830 GMT.
Most of the sectors, and cyclical ones like energy and materials are rallying. It39;s just a riskon sentiment this morning, said Michele Morra, portfolio manager at Moneyfarm.
Industrial miners, up 2.9, were the biggest boost to the FTSE 100, tracking firm copper prices.
Glencore Plc rose 2.9, after Reuters reported that CEO Gary Nagle plans to meet with some of Teck Resources Ltd39;s Canadian shareholders to personally lobby them for support of its proposed takeover of the copper and zinc miner.
The energy sector advanced 0.5 as crude prices firmed on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude stockpiles.
The FTSE 100 rose 1.4 last week, outperforming the SP 50039;s 0.1 drop, buoyed by defensive stocks including pharmaceuticals and commoditylinked stocks, but concerns around a potential U.S. recession weighed on sentiment.
Markets are now more worried about recession than inflation, and are trying to understand if they…