U.K. Stocks Rebound From This Year’s Low as EasyJet JumpsSofia Horta e Costa
U.K. stocks rebounded from their lowest level since December, with the FTSE 100 Index paring a second weekly loss as EasyJet Plc led travel shares higher.
EasyJet advanced 6.4 percent after the carrier said full-year profit beat its forecast. HSBC Holdings Plc which counts Asia as its largest market, rose as a top Hong Kong official pledged to hold talks with pro-democracy protesters. Renishaw Plc rallied 5.8 percent after saying first-quarter sales jumped to a record.
The FTSE 100 added 81.52 points, or 1.26 percent, to 6,527.91 at the close in London. The gauge slumped the most since January yesterday as investors speculated that the European Central Bank’s asset-purchase program is inadequate to revive the euro-area economy. It has lost 1.8 percent this week, dragged by grocers.
The broader FTSE All-Share Index rose 1.3 percent today, while Ireland’s ISEQ Index gained 1.4 percent.