U.K. Stocks Inch Higher After Commodity Producers Reverse Drop

U.K. stocks rose, inching higher in the final half an hour of trading, after commodity producers swung to gains.

Glencore Plc and Anglo American Plc climbed at least 4.3 percent, reversing losses. A gauge of miners rose for the first time in 10 days, snapping its longest losing streak since 2013. Airline shares fell as oil prices increased, with IAG SA and EasyJet Plc declining.

The FTSE 100 Index rose 0.2 percent at the close in London, erasing a slide of as much as 0.7 percent. The benchmark measure surged the most in six weeks yesterday, led by a rally in energy producers. The broader FTSE All-Share Index also added 0.2 percent today and Ireland’s ISEQ Index slipped 0.6 percent.

Among other shares active on corporate news, Hikma Pharmaceuticals Plc gained 4.9 percent after saying its Portuguese facility is once again compliant with the U.S. Food and Drug Administration. U.K. Mail Group Plc tumbled 12 percent after cutting its dividend and saying expectations for next year’s results have weakened.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE