U.K. Stocks Advance; FTSE 100 Index Gains 0.3 Percent in London

U.K. stocks climbed, reversing earlier losses as a rally in bank shares offset a retreat in retailers.

The FTSE 100 Index gained 0.3 percent to 5,445.48 at 9:24 a.m. in London after earlier falling as much as 0.3 percent.

Lloyds Banking Group Plc rallied 2.7 percent to 74.26 pence while Barclays Plc increased 1.7 percent to 313.25 pence.

Home Retail Group Plc, led retailers lower, falling 2.9 percent to 215.1 pence.

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