U.K. Stocks Advance for Fourth Day; Invensys, ITV Shares Rally
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U.K. stocks increased for a fourth day, extending a six-week high, amid speculation the Federal Reserve may expand support for the economy and as Bank of England policy makers said more stimulus is likely.
Invensys Plc surged 28 percent after the company was said to be evaluating options, including a sale. ITV Plc climbed 3 percent amid reports that a private-equity company might be interested in acquiring the broadcaster. Aer Lingus Group Plc soared 15 percent in Dublin after Ryanair Holdings Plc said it will make another attempt to buy the Irish airline. Kesa Electricals Plc sank 5 percent after the retailer’s profit fell.