U.K. Shares Rise for 3rd Day With Almost All FTSE 100 Stocks Upby
Britain’s shares are heading for the biggest three-day rebound since August, after reaching their lowest levels since 2012.
The FTSE 100 Index climbed 1.5 percent, joining a global stock rally after the Federal Reserve raised interest rates for the first time in almost 10 years. Volume of shares changing hands was about 30 percent greater than the 30-day average, with 95 of the FTSE 100 companies rising.
AstraZeneca Plc climbed 2 percent after agreeing to buy a 55 percent stake in Acerta Pharma BV, giving it a potential blockbuster cancer medicine. London Stock Exchange Group Plc advanced 1.8 percent after saying it had a good performance across businesses. Old Mutual Plc jumped 6 percent for the biggest advance in the FTSE 100.
The FTSE All-Share Index and Ireland’s ISEQ Index also climbed.