London’s leading share index FTSE 100 rose 48.3 points to 5,210.17 – its highest close since September 2008. Insurer Old Mutual was the top gainer on the index, rising 4.6%, as traders re-evaluated its stock. Rising metal prices pushed up miners, while the price of oil rose almost 2%, boosting energy companies.

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Caterpillar, the world’s largest maker of earth-moving equipment, said Monday it plans to raise prices on most of its machinery up to 2 percent next year. The U.S. manufacturer said in a filing with the Securities and Exchange Commission the increase would reflect “current industry factors

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US economy lost 263,000 jobs in September, which was more than had been expected, according to official non-farm payrolls figures. The jobless rate rose to a fresh 26-year high of 9.8% from August’s figure of 9.7%.

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Swiss multinational Nestle says it will stop buying milk from a farm owned by the wife of Zimbabwe’s President Robert Mugabe. Nestle said it had bought milk from farms including Grace Mugabe’s Gushungo Dairy Estate to help the country as its dairy industry neared collapse.

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Carmaker Toyota has warned of safety problems with floor mats on some of its US models, which may cause the accelerator pedal to stick. The problem affects seven models of Toyota and Lexus cars and trucks in the US, where owners have been told to remove floormats on the driver’s side.

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