U.K. Shares Advance as RBS, Lloyds Banking Climb With Lendersby
British stocks rose for the second time in three days.
Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc advanced with the region’s lenders, helping push the FTSE 100 Index up 0.5 percent by 9:03 a.m. in London. The gauge rebounded after falling 0.3 percent on Monday. It has been trading at March levels for most of the month.
Kingfisher Plc added 1.9 percent after it reported an increase in like-for-like sales. Imperial Brands Plc climbed 2 percent after Barclays Plc raised its rating on the stock to the equivalent of a buy. Coca-Cola HBC AG fell 3.7 percent after Leventis family members sold shares.
The broader FTSE All-Share Index and Ireland’s ISEQ Index also rose on Tuesday.