U.K. Stocks Are Little Changed as Unilever Shares Gain

U.K. stocks were little changed, with the benchmark FTSE 100 Index (UKX) heading for its highest level in 14 years, as Unilever’s quarterly sales growth beat analysts’ forecasts, while SABMiller Plc (SAB)’s beer volume missed estimates.

Unilever advanced 3.9 percent. SDL Plc (SDL) climbed 7.9 percent after the lower end of its full-year sales outlook beat analyst’s projections. SABMiller, the world’s second-biggest brewer, slid 2.2 percent.

The FTSE 100 Index added 6.99 points, or 0.1 percent, to 6,843.72 at 8:46 a.m. in London. A close at this level would be the highest since December 1999. The gauge has gained 1.4 percent so far this year as the World Bank raised its global-growth forecasts and mining shares rallied. The broader FTSE All-Share Index climbed 0.1 percent today, while Ireland’s ISEQ Index increased 0.4 percent.

In China, shares jumped the most in a week after the central bank injected more than 255 billion yuan ($42 billion) into the country’s financial system and expanded a loan facility to large commercial banks. The People’s Bank of China will also allow small- and medium-sized banks in 10 regions to use the Standard Lending Facility on a trial basis.

To contact the reporter on this story: Namitha Jagadeesh in London at njagadeesh@bloomberg.net

To contact the editor responsible for this story: Cecile Vannucci at cvannucci1@bloomberg.net

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