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Most U.K. Stocks Rise as Investors Await U.S. Jobs Report

Most U.K. stocks advanced, with the benchmark FTSE 100 Index (UKX) heading for a weekly gain, as investors awaited a report that may show U.S. employers hired workers at a faster pace in January.

Tate & Lyle Plc climbed 3 percent after JPMorgan Chase & Co. and Numis Securities Ltd. raised their recommendations on the shares. Shire Plc (SHP) slid 1.7 percent after halting the development of its drug Vyvanse as a depression cure. Tullow Oil Plc (TLW) followed European oil and gas stocks lower.

The FTSE 100 Index added 4.76 points, less than 0.1 percent, to 6,563.04 at 8:41 a.m. in London, as three stocks rose for every one that fell. The benchmark gauge has advanced 1.8 percent since Feb. 4, heading for a weekly gain of 0.8 percent. It lost 3.5 percent in January. The FTSE All-Share Index increased less than 0.1 percent today, while Ireland’s ISEQ Index climbed 0.5 percent.

Labor Department data at 8:30 a.m. in Washington may show U.S. payrolls last month increased 180,000, according to the median forecast of economists surveyed by Bloomberg. That follows a 74,000 gain in December that was the slowest pace since January 2011.

The volume of shares changing hands in FTSE 100-listed companies was 13 percent lower than the average of the past 30 days, according to data compiled by Bloomberg.

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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