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U.K.’s FTSE 100 Climbs to Highest Since 2008; Vodafone Rallies

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By Corinne Gretler and Adria Cimino

January 9, 2013 at 4:42 PM UTC

This article is for subscribers only.

U.K. stocks rose to their highest level since May 2008 as Vodafone Group Plc climbed and Alcoa Inc. kicked off the U.S. earnings season by posting sales that beat estimates.

Vodafone rose 1.9 percent following a report that European telecommunications operators have discussed a regional mobile-phone network. Shire Plc gained 2.3 percent as the company said it will meet its earlier guidance for full-year earnings growth. Aviva Plc dropped 2.2 percent after selling its stake in Delta Lloyd NV for 433.8 million euros ($566 million).