U.K. stocks advanced for a second day as investors speculated on the likely fallout of Sunday’s referendum in Greece.
The FTSE 100 Index added 0.3 percent to 6,630.47 at the close of trading in London. Shares rebounded Wednesday amid signs of compromise between Greece and its creditors after the Mediterranean nation missed its payment to the International Monetary Fund. The FTSE All-Share Index gained 0.2 percent today, while Ireland’s ISEQ Index slipped 0.1 percent.
BP Plc advanced 4.4 percent after reaching an agreement with states and the U.S. in the 2010 Gulf of Mexico oil spill case.
Dixons Carphone Plc rose 1.2 percent after saying a unit has agreed to open and manage a number of Sprint Corp.-branded stores in the U.S. AstraZeneca Plc added 1.7 percent after Berenberg Bank said the drugmaker’s product pipeline and profitability have been underestimated by the market.
Intertek Group Plc fell 3.2 percent after Jefferies Group cut its rating on the product-inspection company to underperform, similar to a sell.