London shares end higher, erase declines on stimulus hopes

(Reuters) - The exporter-heavy FTSE 100 index reversed earlier declines to jump more than 1% on Monday, boosted by a weakening pound and a global rally in equities powered by hopes of more stimulus.The blue-chip FTSE 100 closed 1.3% higher after falling as much as 0.6%, while the British mid-cap index rose 0.7%. Oil & gas stocks jumped 2.1%, with heavyweight BP gaining 3.3% as it agreed to sell its global petrochemicals business to billionaire Jim Ratcliffe's Ineos for $5 billion.Sterling..