U.K. Stocks Advance for a Second Day as Energy Companies ClimbRoxana Zega
U.K. stocks advanced to their highest level since September as Royal Dutch Shell Plc led energy companies ahead and BHP Billiton Ltd. rose.
Shell added 5.4 percent, contributing the most to the FTSE 100 Index’s gain, as oil prices extended a rally. BP Plc climbed 2.8 percent after posting better-than-expected fourth-quarter profit. BHP Billiton and Glencore Plc led miners higher, increasing at least 5 percent.
Aberdeen Asset Management Plc fell 3.4 percent after it said clients withdrew money in the three months through December amid a downturn in Asia.
The FTSE 100 Index rose 89.25 points, or 1.3 percent, to 6,871.8 at the close of trading in London. The benchmark gauge rebounded yesterday from its worst weekly drop in more than a month as energy companies rallied. The broader FTSE All-Share Index added 1.3 percent today, and Ireland’s ISEQ Index climbed 0.5 percent.