U.K. Stocks Rise to 4 1/2-Year High, FTSE 100 Posts Weekly Gain
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U.K. stocks advanced to a 4 1/2-year high, posting a fourth straight weekly gain, as a report showed German business confidence increased, outweighing a bigger-than-forecast contraction by Britain’s economy.
EasyJet Plc, Europe’s second-largest discount carrier, advanced 5.2 percent. International Consolidated Airlines Group SA rose 2.1 percent after JPMorgan Chase & Co. raised its recommendation on the shares. Evraz Plc slid 2.3 percent after Bank of America Corp.’s Merrill Lynch unit lowered its recommendation on the stock. BHP Billiton Ltd. slipped 1.6 percent for the biggest drag on the FTSE 100 Index.