U.K. Stocks Halt Three-Day Slide as BT, Morrison Rise on Resultsby
U.K. stocks were little changed after their worst three-day drop since February, as gains in BT Group Plc and Wm Morrison Supermarkets Plc offset a drop in Centrica Plc.
BT climbed 2.6 percent after its profit beat projections. Morrison added 2.4 percent after its same-store sales rose at a faster pace than forecast. Antofagasta Plc and Anglo American Plc helped a gauge of miners rebound from its biggest two-day plunge since 2011. Centrica tumbled 9.8 percent after the utility said it will sell some of its issued share capital to pay for acquisitions and reduce debt.
The FTSE 100 Index advanced less than 0.1 percent at the close in London, paring an earlier gain of as much as 0.7 percent. The benchmark lost momentum in recent weeks after reaching its highest level this year on April 20.
The broader FTSE All-Share Index was little changed, while Ireland’s ISEQ Index climbed today.