U.K. Stocks Rise Most Among Peers, Set for Best Gains in a Monthby
British equities headed for their biggest advances in more than a month, with all FTSE 100 Index companies rising.
The benchmark gauge added 1.5 percent at 9:10 a.m. in London, posting the biggest advance among western-European measures. It’s erased its weekly losses and is set to add 0.1 percent for the period.
Ladbrokes Plc jumped 9.9 percent after the nation’s competition watchdog said the company and Coral Group may have to sell as many as 400 shops to get approval of a merger that would create the Britain’s biggest betting-shop chain. Aberdeen Asset Management Plc climbed 4.9 percent after its chief executive officer said the asset manager intends to remain independent. Close Brothers Group Plc rose 4.5 percent after reporting an increase in net inflows for asset management. Miners gained.
The broader FTSE All-Share Index and Ireland’s ISEQ Index also rose on Friday.