By Danilo Masoni
MILAN (Reuters) - UK shares were higher on Monday as gains among oil and telecoms stocks provided support, although fresh trade tensions dragged down mining companies.
The FTSE 100 index was up 0.1 percent at 7,312.46 points by 0815 GMT. Mid caps <.FTMC> were up 0.05 percent. Both had started the session in the red.
Trade was the chief focus after Reuters reported U.S. President Donald Trump was likely to announce new tariffs on about $200 billion of Chinese imports on Monday. That hit metal prices, which in turn weighed on the materials sectors.
Shares in big mining companies such as Glencore
"A rights issue might be necessary for ITV to enter the fray for this asset, and financial synergies aren’t immediately clear at this juncture," said Markets.com analyst Neil Wilson.
Utilities were led higher by SSE
Oil companies also rose, providing the biggest boost to the FTSE. BP
Housebuilders, a sector hit by a slowing economy and worries over Brexit, were broadly higher. Traders cited encouraging Rightmove house price data.
"The index showed a return to growth in house prices in September, amid signs of recovery in London and a pickup in sales of the capital’s most expensive properties," said Jasper Lawler, an analyst at LCG.
Shares in Barratt
Among mid-caps, Sirius Minerals
(Reporting by Danilo Masoni, editing by Larry King)