U.K. Stocks Rebound From Weekly Drop as Energy Shares AdvanceRoxana Zega
U.K. stocks rose, rebounding from the worst weekly drop in more than a month, as energy companies rallied.
BG Group Plc gained 5.3 percent and Tullow Oil Plc surged 9.3 percent. CRH Plc jumped to a six-year high in Dublin after agreeing to buy cement assets from Holcim Ltd. and Lafarge SA as the latter two seek to merge. Ryanair Holdings Plc slipped the most since November 2013 after saying it expects modest earnings growth next year because of its fuel-hedging policy. Peer EasyJet Plc slid 6.4 percent.
The FTSE 100 Index rose 33.15 points, or 0.5 percent, to 6,782.55 at the close in London, the most in more than a week. The benchmark gauge gained as much as 0.7 percent and fell as much as 0.3 percent in intraday trading. It lost 1.2 percent last week, the most since Dec. 12, as retailers and oil-and-gas stocks slumped. The broader FTSE All-Share Index also added 0.5 percent today, while Ireland’s ISEQ Index climbed 0.8 percent.