British Stocks Climb for First Time This Week as Miners Advanceby
Commodity producers pushed U.K. equities up, after three straight days of losses, and helped them maintain gains even after a U.S. jobs report dragged most of the rest of Europe’s indexes down.
Glencore Plc and Fresnillo Plc rallied more than 5.5 percent, sending a gauge of shares tracking the nation’s miners to its biggest jump since April. Tesco Plc, J Sainsbury Plc and Wm Morrison Supermarkets Plc lost more than 3.8 percent as Wal-Mart Stores Inc. said it will lower prices at its Asda grocers.
The FTSE 100 Index advanced 0.4 percent at the close of trading in London, trimming a gain of as much as 1.1 percent and taking its weekly decline to 1 percent. The broader FTSE All-Share Index also climbed, while Ireland’s ISEQ Index fell 0.5 percent.