U.K. Shares Rebound After Slump as Volatility Gauge Keeps Rising

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Britain’s shares rebounded from yesterday’s slump, amid another volatile day.

The FTSE 100 Index closed up 0.4 percent after earlier gaining as much as 1.7 percent and falling 0.6 percent. The broader FTSE All-Share Index also rose 0.4 percent, while Ireland’s ISEQ Index added 0.2 percent. A volatility gauge for U.K. stocks climbed for a fourth day to near its highest level since 2011.

Ashtead Group Plc jumped 7.7 percent after reporting an increase in quarterly profit. Hikma Pharmaceuticals Plc added 4.4 percent as Shore Capital recommended buying the stock.

Glencore Plc slumped 8 percent, extending a record low, as it said it will buy back perpetual notes next month. Asos Plc dropped 2.8 percent after the U.K.’s largest online-only fashion retailer said Chief Executive Officer an Co-Founder Nick Robertson will step down.