U.K. Stocks Advance on U.S. Jobs Report; Rio Tinto Advances
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U.K. stocks gained for a third day after a report showed employers in the U.S. added more jobs than forecast last month, easing concern amid investors that the economic recovery is faltering.
Commodities companies, whose profits are closely tied to growth, led the advance, with Rio Tinto Group rising 1.2 percent. Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc retreated more than 3 percent as Moody’s Investors Service cut the ratings on their debt. Premier Foods Plc plunged 42 percent after saying third-quarter results were “significantly” below forecasts.