Rebounds in Miners, Lenders Push Britain's Stock Market Higherby
U.K. shares climbed the most in three weeks, spurred by gains in banks and miners, which on Monday fell to their lowest prices in a month.
Anglo American Plc rose 4.7 percent following a 14 percent plunge on Monday, while BHP Billiton Ltd. gained 2.7 percent. Standard Chartered Plc and Barclays Plc advanced more than 3 percent, and Capita Plc increased 5.3 percent after saying it’s on track to meet consensus expectations for 2016 after a solid start to the year. EasyJet Plc climbed 2.7 percent after predicting that European demand for air travel will return.
The FTSE 100 Index rose 0.7 percent at the close of trading in London. After briefly erasing annual losses last month, the gauge dipped back down amid a global selloff as growth concerns resurfaced. The broader FTSE All-Share Index and Ireland’s ISEQ Index also rose on Tuesday.