U.K. Stocks Advance Third Day as Miners Gain; Vodafone Climbsby
British equities rose for a third day as commodity producers extended their gains.
Anglo American Plc and BHP Billiton Ltd. advanced more than 2.5 percent. Vodafone Group Plc gained 1.5 percent after reporting quarterly sales growth on its network that beat estimates. Taylor Wimpey Plc added 4.7 percent after saying it’ll pay a special dividend and increase its regular payout. Ashtead Group Plc rose 5.8 percent after Exane BNP Paribas upgraded its rating to the equivalent of a buy, while Associated British Foods Plc, Unilever and Diageo Plc fell with their European peers.
The FTSE 100 Index climbed 0.3 percent at the close of trading in London, paring gains of as much as 1.1 percent. It closed at its highest level since May 3.
The broader FTSE All-Share Index added 0.4 percent, while Ireland’s ISEQ Index was little changed.