U.K. Stocks Extend Weekly Gain as HSBC Rises on Review of Base

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U.K. stocks climbed for a second week in three, led by an advance in HSBC Holdings Plc.

Shares of the lender rallied 2.9 percent after it said it’s reviewing whether to move its headquarters away from the U.K. BAE Systems Plc added 2.3 percent as it will assess the future of its manpower and services businesses after receiving bid interest. Pearson Plc lost 3 percent after reporting a decline in underlying sales.

The FTSE 100 Index rose 0.2 percent to 7,070.7 at the close in London, pushing its weekly advance to 1.1 percent. The gauge is poised for its best monthly increase since February 2014. The FTSE All-Share Index also rose 0.2 percent on Friday, while Ireland’s ISEQ Index added 0.5 percent.

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