U.K. stocks rebounded as investors watched Greece for signs of compromise after the Mediterranean nation missed its payment to the International Monetary Fund.
The FTSE 100 Index added 0.8 percent to 6,573.49 at 8:45 a.m. in London, following European markets higher. The FTSE All-Share Index gained 0.8 percent, while Ireland’s ISEQ Index rose 0.9 percent.
The FTSE 100 fell on Tuesday, extending its quarterly decline to 3.7 percent, the worst since the three months through September 2011, amid concern that Greece will be forced out of the euro area.
Tullow Oil Plc advanced 1.8 percent after it raised this year’s production forecast following a strong performance from the company’s largest field in Ghana. Serco Group Plc jumped 11 percent after saying that trading in the year to date has been better than anticipated. Sirius Minerals Plc soared 68 percent after the North York Moors National Park gave the company the green light to build a $3 billion potash mine.