U.K. Stocks Advance as Investors Watch U.S. Debt Talks

U.K. stocks advanced for a third day, sending the FTSE 100 Index to a two-week high, as U.S. lawmakers continued talks to raise the sovereign borrowing limit with three days to go before it lapses.

Travis Perkins Plc rallied to its highest price in at least 22 years after analysts recommended the stock. Johnson Matthey Plc climbed 5.9 percent after JPMorgan Chase & Co. advised investors to buy the shares. Royal Bank of Scotland Group Plc dropped 1.4 percent after Bank of America Corp. said it has turned more cautious on U.K. banks.