U.K. stocks rose to cap off a three-day advance, reversing a plunge for the FTSE 100 Index earlier in the week, amid speculation Greece may be able to secure a bailout and as Chinese shares rallied a second day.
BHP Billiton Plc climbed after Citigroup Inc. raised its rating on the shares to buy. InterContinental Hotels Group Plc rose 3.1 percent after agreeing to sell the InterContinental Hong Kong for $938 million. Vodafone Group Plc posted its third day of gains, adding 2.5 percent.
The FTSE 100 Index rose 1.4 percent to 6,673.38 at the close in London, the best weekly gain since April. The FTSE All-Share Index added 1.3 percent today, and Ireland’s ISEQ Index climbed 1.6 percent
Chinese stocks rose, capping the benchmark index’s biggest two-day gain since 2008, as unprecedented government intervention helped curb an equity rout that erased $3.9 trillion in less than a month.