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U.K. Stocks Advance, Led by Vodafone, Reckitt Benckiser and BP

By Chris Fournier

July 25 (Bloomberg) -- U.K stocks rose, led by Vodafone Group Plc. The world's biggest mobile-phone company climbed to a two-month high after saying it had added more users than some analysts had expected.

Shares of Reckitt Benckiser Plc gained after the cleaner maker raised its full-year profit forecast.

The FTSE 100 Index gained 14, or 0.3 percent, to 5255.80 as of 9:32 a.m. in London. The FTSE All-Share Index climbed 0.2 percent to 2627.36. Ireland's ISEQ declined 0.3 percent.

Vodafone added 2.75 pence, or 1.9 percent, to 146.25 pence. Mobile-phone customer growth accelerated to 6.6 percent in the most recent quarter after the company added 6 million subscribers by buying units in the Czech Republic and Romania.

Separately, Vodafone and TDC A/S offered 8.7 billion zloty ($2.6 billion) to take control of Poland's third-biggest wireless company, Polkomtel SA, the daily Puls Biznesu reported, without saying where it got information.

Reckitt Benckiser advanced 49 pence, or 2.9 percent, to 1,714 pence. The world's largest maker of kitchen and bathroom cleaners raised its 2005 earnings forecast after second-quarter profit surged 13 percent on sales of Cillit Bang degreaser. Net income will increase within the ``mid teens'' percentage range, compared with a previous ``low double-digit'' target, the company said.

BP Plc, Europe's biggest oil producer, added 10 pence, or 1.6 percent, to 636 pence. Lehman Brothers Holdings Inc. raised its 2006 to 2010 Bent oil-price forecast to $50 a barrel from $40, and lifted its oil-industry view to ``positive'' from ``neutral.''

The following stocks are also making gains or losses. Stock symbols are in parentheses after the company names.

U.K. stocks:

Balfour Beatty Plc (BBY LN), the U.K.'s biggest construction company, rose 2.5 pence, or 0.7 percent, to 341.5 pence. The company said it was chosen as preferred bidder on a 160 million- pound contract to build new hospital facilities in Glasgow.

Cybit Holdings Plc (CYH LN), a maker of satellite-navigation and vehicle-tracking systems, rose 1.5 pence, or 3.5 percent, to 44.5 pence. The company said it won a contract with Europcar to put its Fleetstar system in to 1,000 of the rental company's vehicles.

Domino's Pizza U.K. & Ireland Plc (DOM LN), the largest British pizza-delivery chain, rose 2.5 pence, or 0.8 percent, to 302 pence. The company said first-half net income rose 40 percent to 4.09 million pounds as it added new stores. Revenue climbed 17 percent to 40.5 million pounds.

To contact the reporter on this story: Chris Fournier in Frankfurt at Cfournier3@bloomberg.net

Last Updated: July 25, 2005 04:46 EDT

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