U.K. Stocks Head for 6 Days Without Drop; Miners, SABMiller Gainby
U.K. stocks advanced for a sixth straight session, after the FTSE 100 Index yesterday capped its biggest five-day rally in almost four years.
Anglo American Plc, Rio Tinto Group and BHP Billiton Ltd. rose at least 3.2 percent after Morgan Stanley upgraded the shares. SABMiller Plc added 3.4 percent after Anheuser-Busch InBev NV offered to buy the brewer for about 68.2 billion pounds ($104 billion).
The benchmark index rose 0.7 percent to 6,371.85 at 9:05 a.m. in London. The FTSE 100 yesterday capped a fourth day of gains, its longest winning streak since July. The broader FTSE All-Share Index added 0.6 percent, and Ireland’s ISEQ Index fell 0.7 percent today.