Last checked at 
* FTSE 100 up 0.4 pct
* Oil stocks track oil price higher
* Sage Group ends up after early slide
* Entertainment One gains after deal chatter (ADVISORY- Follow European and UK stock markets in real time onthe Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)
By Kit Rees and Alistair Smout
LONDON, Aug 15 (Reuters) - UK shares rose on Monday,touching a fresh 14-month high after oil stocks rallied, withSage Group recovering from an early fall after a databreach.
The blue chip FTSE 100 index was up 0.4 percent at6,941.19 points by the close, slightly outperforming continentalEuropean indexes.
The FTSE rose as the pound dropped to its lowest level in 3years against the euro, lifting firms with foreign exposure andexporters, as well as making the pound-denominated index cheaperto holders of other currencies.
The index closed at its highest level since June 4, 2015.
Energy stocks contributed 7.4 points to the index's advance,buoyed as London Brent crude rose by more than 2percent.
Royal Dutch Shell and BP rose 0.7 percentand 1 percent respectively after the price of oil hit an Augusthigh on speculation about potential producer action to prop upprices in an oversupplied market.
Sage Group ended up 0.1 percent, despite falling 4.6 percentin early deals after the business software firm said an internallogin had been used to gain unauthorised access to the data ofsome of its British customers.
"I'm surprised the shares aren't down ... given the possibleimplications," Jasper Lawler, market analyst at CMC Marketssaid, citing a cyber attack on British telecoms company TalkTalk in late 2015.
"I think that the TalkTalk data breach and a few other haveturned out to be far less damaging than initially feared, somaybe a lesson (that) has been taken away there is notnecessarily to jump the gun too much and sell-off the shares."
Anglo American was among the top risers, up 1.8percent with analysts citing media reports that South Africa'sPublic Investment Corporation (PIC), its largest shareholder,was seeking to split up Anglo American's platinum businesses.
"We believe that the slow progress of the existing assetdivestment programme ... will add to pressure on Anglo Americanto do a deal. However, we suspect that Anglo American would onlysay "yes" if PIC comes up with an offer that Anglo Americanbelieves superior to any that might be received in aconventional competitive sales process," Yuen Low, analyst atShore Capital Markets, said in a note.
Outside of the blue chips, Entertainment One jumped6.8 percent after a report of a possible bid from private equityfirm KRR & Co.
Last week, Entertainment One rejected a 1 billion-pound($1.3 billion) takeover offer from British broadcaster ITV, saying it undervalued the production and distributioncompany.
Property developer Countryside fell 3.5 percentafter it was cut to "neutral" by JPMorgan, who also upgradedlarge cap Persimmon "overweight". Shares in Persimmonwere up 1.2 percent.
"We upgrade (Persimmon) to (overweight from underweight) toreflect both our view that dividends could still beat, and apreference for balance sheet strength and ex-London. Wedowngrade (Countryside) to (neutral) as a relative call, after aperiod of strong performance," analysts at JPMorgan said in anote. (Reporting by Kit Rees; Editing by Janet Lawrence)
