U.K. Stocks Jump Most in 2 Weeks as Morrison Leads Grocer Gainsby
FTSE 100 rises after sliding five times in six sessions
Mining shares fall for fifth day to lowest since 2003
U.K. stocks rebounded from a four-day decline as retailers climbed on holiday sales.
Wm Morrison Supermarkets Plc rallied 8.7 percent and Debenhams Plc jumped 16 percent after reporting same-store sales that beat estimates. Tesco Plc and J Sainsbury Plc, scheduled to report details of their Christmas trading later this week, rose at least 3.3 percent. A fifth day of losses sent miners to their lowest level since 2003. Antofagasta Plc and Randgold Resources Ltd. slid 3.5 percent or more.
The FTSE 100 Index climbed 1 percent at the close in London, the most since Dec. 23. The miner-heavy gauge tumbled 5.9 percent this year through yesterday amid concern that a slowdown in China is worse than anticipated.
The broader FTSE All-Share Index added 0.8 percent and Ireland’s ISEQ Index gained 1.1 percent today.