Miner Rally Helped by Glencore Propels Rebound in U.K. Stocks

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U.K. stocks rebounded from a weekly loss after Glencore Plc led advances in commodity producers.

After posting the biggest weekly decline since its 2011 London listing, Glencore said it will sell assets and shares to cut its net debt. Shares jumped 7 percent. Peer Antofagasta Plc gained 7.5 percent. Associated British Foods Plc slid after forecasting a decline in annual operating profit.

The FTSE 100 Index added 0.5 percent at the close in London, after sliding 3.3 percent last week amid concern over a China slowdown and an impending Federal Reserve rate increase. The benchmark gauge has fallen 9.8 percent since China devalued its currency on Aug. 11. 

The broader FTSE All-Share Index and Ireland’s ISEQ Index also rose 0.5 percent today.

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