U.K. Stocks Post Longest Rising Streak Since March as M&S Gains

Updated on
Burberry Group Plc fell 1.5 percent, the biggest FTSE 100 decline. The stock is heading for its lowest closing price since January.

Burberry Group Plc fell 1.5 percent, the biggest FTSE 100 decline. The stock is heading for its lowest closing price since January.

Photographer: Chris Ratcliffe/Bloomberg

Marks & Spencer Group Plc and Aberdeen Asset Management Plc helped send U.K. stocks up for a fourth day.

Shares of the clothier added 1.7 percent as U.K. retail sales in April rose more than economists forecast. Aberdeen advanced 2.2 percent for the biggest gain among FTSE 100 Index shares. Dragon Oil Plc jumped 5.4 percent after Emirates National Oil Co. proposed to buy the shares in the producer that it doesn’t already own.

The FTSE 100 advanced 0.1 percent to 7,013.47 at the close of trading in London. It has rebounded from its May low and ended the day 1.3 percent away from its record last month. The volume of FTSE 100 shares changing hands was 27 percent lower than the 30-day average.

The broader FTSE All-Share Index also rose 0.1 percent, and Ireland’s ISEQ Index slid 0.4 percent.

EasyJet Plc and British Airways parent IAG SA lost more than 2.3 percent as oil prices rallied for a second day. Burberry Group Plc dropped 1 percent, closing at its lowest price since January.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE