FTSE 100 Climbs for 5th Day as Sainsbury, BHP Billiton AdvanceTrista Kelley
U.K. stocks rose, fueled by gains in grocers and commodity shares, following four days of increases for the FTSE 100 Index.
J Sainsbury Plc and Wm Morrison Supermarkets Plc added more than 2 percent after Societe Generale SA suggested that a purchasing pact may improve margins at both chains. Royal Dutch Shell Plc advanced after Deutsche Bank AG recommended buying the shares, while BHP Billiton Plc gained after Credit Suisse Group AG raised the stock’s rating.
Anglo American Plc and Rio Tinto Group also advanced, helping commodity stocks post the second-biggest increase among industry groups in Europe.
Sage Group Plc slumped 6 percent after saying the next two to three years are a transitional period. Property developers Persimmon Plc and Barratt Developments Plc fell more than 2 percent.
The FTSE 100 added 0.2 percent to 6,844.80 at the close in London. The broader FTSE All-Share Index rose 0.1 percent, while Ireland’s ISEQ Index fell 0.5 percent.
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