A $12 billion takeover move in the telecoms sector ensured European markets traded higher today, despite continued worries over the recent surge in Covid-19 cases on the continent.
Buy-out group KKR's interest in Telecom Italia ignited other shares in the sector, with BT and Vodafone among the London-listed stocks trading higher.
Brent crude also recovered, having fallen to an eight-week low at the weekend amid the threat to winter demand from further Covid-19 restrictions.
