BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - U.K. stocks were modestly higher on
Monday after a Nationwide report indicated that U.K. house prices gained 0.2
percent on a monthly basis in June despite ongoing high interest rates.

Year-on-year, house prices posted a growth of 1.5 percent in June after rising
1.3 percent in May.

Earlier, the property website Rightmove said house prices increased 0.6 percent
year-on-year in June, the same rate as seen in May.

Meanwhile, the Bank of England revealed in a report that the number of mortgage
approvals in the United Kingdom fell to 60,000 in May from 60,800 in April.

The U.K. manufacturing upturn continued at the end of the second quarter, with
PMI finalized at 50.9 in June, slightly down from May's 22-month high of 51.2.

The benchmark FTSE 100 was up 24 points, or 0.3 percent, at 8,187 after four
days of losses.

In corporate news, mining giant Anglo American tumbled nearly 3 percent. The
company has suspended production at Grosvenor steelmaking coal mine in
Queensland, Australia, following an underground coal gas ignition incident.

Petrofac jumped 4.5 percent. The energy services firm said it has extended the
existing forbearance agreement with its noteholders regarding non-payment of
interest on senior secured notes from June 30 to July 25, 2024.



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