Optimism over the potential for the economy to open up again, as it was revealed that 15 million people had been vaccinated by the NHS, helped send shares soaring on Monday.

Only two of 100 of London’s biggest firms that make up the FTSE 100 fell into negative territory, as the index was pulled upwards.

Gold and silver miner Fresnillo notched up the worst drop, at 0.4%, in stark contrast to most of its mining rivals on the index, which crowded among the top winners for the day.

Glencore, Anglo American, Rio Tinto and BHP all closed more than 6% higher on the day. They were joined by oil companies Shell and BP as well as some of the banks.

It helped push the index up by 2.5% to 6,756.11, a rise of 166.32 points.

“Natural resource stocks are benefitting from the wider optimism that the global economy will recover and in turn, mineral demand will rise,” said CMC Markets analyst David Madden.

Oil demand also helped push the price of Brent crude oil up by around 1.5% to 63.35 dollars per barrel.

Mr Madden added: “In light of the news that Britain is making great progress in terms of rolling out vaccines, there is chatter the country will begin to ease up on restrictions sooner rather than later.

“There is a growing sense the country will be allowed to slowly re-open in the next few weeks or months, which should spark economic activity.”

It was in part this which helped the FTSE 100 outperform its European counterparts. The Dax, which is Germany’s main index, closed up by 0.5%, while the Paris-based Cac rose 1.5%.

London’s top index was however unable to compare itself to its US peers, which were closed for Presidents’ Day.

Sterling gained around 0.4% against both big rivals, buying 1.391 dollars or 1.147 euros by the close of play in London.

It was clear that investors were smiling on the UK’s travel companies. IAG, which owns British Airways, closed the day up 9.3% – the best performer on the FTSE 100.

FirstGroup and National Express, which populate the FTSE 250, ended the day up around 11% each, with EasyJet and cruise company Carnival not far behind. Other companies that have been heavily hit by the pandemic, such as Cineworld and WH Smith, also soared.

There was little news announced from big players in London on Monday.

Vodafone updated investors on the progress of Vantage Towers. The company’s telecoms towers arm has added to its portfolio, while revenue hit 725 million euro (£633 million), Vodafone said.

The markets are looking strongly at Vantage Towers as Vodafone has said it plans to spin off the arm into a separate listed company sometime in the next few months. Shares in Vodafone rose 1.25%.

Mitchells & Butlers announced plans to raise £350 million from big investors by selling them around 167 million new shares. The company owns Toby Carvery and All Bar One.

Investors said that without their cash the future of the pub business, which employs 40,000 people in the UK, would be “bleak”. Shares rose 7.9%.

The biggest risers on the FTSE 100 were IAG, up 13.6p to 159.55p, BP, up 20.45p to 278.9p, Shell ‘B’, up 97p to 1380p, Compass Group, up 105p to 1496p, and Shell ‘A’, up 98.8p to 1436p.

The only fallers on the FTSE 100 were Fresnillo, down 4p to 1024p and RSA Insurance, down 0.6p to 676.6p.