Lenders Lead Britain Stock Jump After BOE Stress-Test Resultsby
HSBC Holdings Plc, Lloyds Banking Group Plc and Barclays Plc pushed the FTSE 100 Index to a four-week high after the Bank of England said all seven major lenders passed stress-test results.
Lloyds added 2.4 percent, Barclays climbed 4.6 percent, while HSBC, the biggest component of the FTSE 100, advanced 1.8 percent. BHP Billiton Ltd. rebounded 2 percent after closing at its lowest price since 2008.
The FTSE 100 climbed 0.6 percent at the close of trading in London, for the second-best performance among western-European markets after ending November little changed. The Volume of shares changing hands was 22 higher than the 30-day average. The broader FTSE All-Share Index advanced 0.6 percent, while Ireland’s ISEQ Index added 0.2 percent.