U.K. Stocks Rebound as Rio, BHP Rally With Standard Charteredby
Britain’s shares rallied the most in more than two weeks, rebounding from their lowest levels since March 10.
Gains of more than 5.5 percent in commodity producers Anglo American Plc, Rio Tinto Group and BHP Billiton Ltd. led the advance in the FTSE 100 Index, which rose 1.6 percent at the close of trading in London. Standard Chartered Plc jumped 7.4 percent after falling to its lowest price since March 1.
The FTSE 100 has slipped 0.6 percent this quarter, less than all major European equity gauges. After falling to a more than three-year low in February, it’s rebounded 12 percent amid gains in miners.
The broader FTSE All-Share Index and Ireland’s ISEQ Index also rose on Wednesday.