U.K. Stocks Little Changed as Sports Direct, Kingfisher Advance

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Britain’s equities were little changed, closing at an almost three-week high.

Sports Direct International Plc gained 4.2 percent after announcing pretax earnings ahead of expectations. Kingfisher Plc rose 2.2 percent as retail profit was in line with estimates. ARM Holdings Plc climbed 2.6 percent with semiconductors advancing after Avago Technologies Ltd. agreed to buy Broadcom Corp. Tate & Lyle Plc dropped 2.4 percent after saying 2016 pretax earnings will be similar to this year’s.

The FTSE 100 Index added 0.1 percent to 7,040.92 at the close of trading in London, reversing a decline of as much as 0.4 percent. It jumped the most since May 8 on Wednesday, erasing a Monday slump. The broader FTSE All-Share Index and Ireland’s ISEQ Index were also little changed on Thursday.

Among other stocks that fell, BT Group Plc dropped 2 percent after Raymond James Financial Inc. lowered its rating on the stock. Ashtead Group Plc lost 4.6 percent, the most since January.

Gross domestic product grew 0.3 percent in the first quarter, matching an initial estimate, the Office for National Statistics said. Economists had forecast a 0.4 percent increase.

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