Sainsbury, Standard Chartered Lead Rebound in U.K. Stock MarketTrista Kelley
U.K. stocks advanced for the first time in five days, with all but five stocks on the FTSE 100 Index rallying.
J Sainsbury Plc climbed 4.5 percent after reporting a revenue decline that was smaller than that of its rivals. Tesco Plc and Wm Morrison Supermarkets Plc rose more than 4.6 percent. Standard Chartered Plc gained 5.8 percent after its chief executive officer, on his first day in the job, pledged to strengthen the bank’s capital and focus on better returns.
The FTSE 100 added 1.1 percent to 6,830.27 at the close in London, rebounding from its lowest level in almost three months. The broader FTSE All-Share Index rose 1.1 percent, and Ireland’s ISEQ Index increased 1.6 percent.
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