Economics
U.K. Stocks Jump on Osborne’s Raised Forecast; St. James Rallies
This article is for subscribers only.
U.K. stocks extended gains after Chancellor of the Exchequer George Osborne raised the country’s growth forecast. Hargreaves Lansdown Plc and St. James’s Place Plc surged on his proposed savings plan.
The FTSE 100 Index added 1.6 percent to 6,945.2 at the close in London, extending an earlier advance to bring this year’s gains to 5.8 percent. The benchmark is within 0.2 percent of a record 6,961.14 reached on March 5.