U.K. Stocks Rise as Aberdeen Rallies Most Since 2008
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U.K. stocks advanced, following two weeks of losses, as Aberdeen Asset Management Plc surged and a gauge of banks rose for a third day.
Aberdeen jumped the most since December 2008 after agreeing to buy Scottish Widows Investment Partnership from Lloyds Banking Group Plc. Standard Chartered Plc and Lloyds each gained more than 1 percent. Petrofac Ltd tumbled 17 percent after forecasting “flat to modest” profit growth for 2014. Aveva Group Plc dropped 7.8 percent after saying sales at its software-consulting unit will be lower than prior projections for the financial year.