U.K. Stocks Climb After IMF Plan; Man Group, Essar Energy Rally
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U.K. stocks advanced, sending the FTSE 100 Index to its highest in more than 10 weeks, after the International Monetary Fund announced a plan to expand its lending resources.
Man Group Plc gained 6.8 percent as the hedge-fund manager announced cost cuts. Essar Energy Plc rebounded from yesterday’s selloff. Tullow Oil Plc and Weir Group Plc paced declining shares, tumbling more than 3 percent.