British shares climbed for a second day, helped by a gain in Land Securities Group Plc.
Shares of the U.K.’s largest real estate investment trust rose 4 percent after it reported an increase in full-year profit as an acquisition boosted its rental income. Peer British Land Co. added 1.2 percent. Reed Elsevier Plc gained 2.1 percent after Goldman Sachs Group Inc. recommended buying the stock. Vodafone Group Plc fell 3.2 percent, its biggest drop this year, as it forecast profit that may miss some analysts’ estimates.
The FTSE 100 Index advanced 0.4 percent to 6995.1 at the close of trading in London, or 1.5 percent away from a record reached last month. The broader FTSE All-Share Index climbed 0.5 percent, and Ireland’s ISEQ Index rose 1.8 percent.
BHP Billiton Ltd., Fresnillo Plc and Rio Tinto Group fell more than 2.5 percent as commodities slid for a third day. ICAP Plc lost 1.3 percent after the world’s largest broker of transactions between banks reported a drop in full-year earnings.