U.K. Stocks Climb, Heading for Biggest Quarterly Gain Since 2013Inyoung Hwang
U.K. stocks advanced, with the FTSE 100 Index poised for its biggest quarterly gain in two years.
Kingfisher Plc added 2 percent after saying its purchase of France’s third-largest home-improvement chain won’t proceed. Carnival Plc climbed percent after Numis Securities recommended investors buy shares of the cruise-ship operator. Compass Group Plc rose 1 percent after saying organic-sales growth is heading toward 5.5 percent for the first quarter, more than estimated by analysts. BG Group Plc fell 2.4 percent after BMO Capital Markets cut its rating on the natural-gas producer to the equivalent of a hold.
The FTSE 100 added 0.5 percent to 6,891.43 at the close of trading in London. The benchmark gauge sank 2.4 percent last week and is down 0.8 percent this month, trimming its quarterly advance to 5 percent.
The FTSE All-Share Index also climbed 0.5 percent on Monday, and Ireland’s ISEQ Index increased 1.6 percent.