U.K. Stocks Rise the Most in Two Weeks; Rolls-Royce Gains

U.K. stocks climbed the most in almost two weeks as Sports Direct International Plc and Rolls-Royce Holdings Plc (RR/) led equities higher.

Sports Direct added 3.6 percent after the sporting-goods retailer said it will open stores in Australia and New Zealand. Rolls-Royce rose 1.3 percent after Airbus Group NV said it will upgrade its A330 planes with engines from the British company. Huntsworth Plc (HNT) plunged 15 percent after the public-relations firm said first-half results will fall short of estimates.

The FTSE 100 Index (UKX) advanced 55.97 points, or 0.8 percent, to 6,746.14 at the close in London. The benchmark dropped 2.6 percent last week amid signs of financial stress in Portugal. The broader FTSE All-Share Index also climbed 0.8 percent today, while Ireland’s ISEQ Index increased 1 percent.

U.K. stocks gained as a report showed euro-zone industrial production declined 1.1 percent in May, smaller than the 1.2 percent drop forecast by economists in a Bloomberg News survey. Output increased a revised 0.7 percent in April.

Sports Direct added 3.6 percent to 723 pence. The company will partner with MySale’s OzSale.com.au to open outlets and websites in Australia and New Zealand later this year, MySale said in a statement today.

Rolls-Royce added 1.3 percent to 1,050 pence. Airbus has selected the company’s Trent 7000 engine for the upgraded version of its A330 planes, Rolls-Royce said in a statement.

Huntsworth tumbled 15 percent to 44 pence as the health-care communications group also said it will review its performance in the second half of the year. The company publishes its first-half results in August.

To contact the reporter on this story: Trista Kelley in London at tkelley2@bloomberg.net

To contact the editors responsible for this story: Cecile Vannucci at cvannucci1@bloomberg.net Will Hadfield, Alan Soughley

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