Miners Push U.K. Stocks Higher With FTSE 100 Set for Weekly Gainby
U.K. stocks climbed, led by commodity producers and lenders, extending a second weekly gain for the FTSE 100 Index.
A gauge of miners snapped a three-day decline, with Anglo American Plc, Glencore Plc and Rio Tinto Group up more than 2.8 percent. Standard Chartered Plc and Royal Bank of Scotland Group Plc climbed 1.5 percent or more, pacing gains among lenders.
The FTSE 100 added 0.6 percent at 8:43 a.m. in London, taking its weekly advance to 0.5 percent. The benchmark rose to its highest level this year at the end of March, before momentum slowed in the rebound from its February low. The broader FTSE All-Share Index and Ireland’s ISEQ Index also rose today.
Among shares active on corporate news, DFS Furniture Plc lost 5 percent after Advent International Corp. said funds managed by it agreed to sell 30 million shares in the British retailer.