British Stocks Rebound From Lowest Since February as Miners Riseby
U.K. equities advanced for the first time in five days amid a broad market rebound after the biggest routs since February.
The FTSE 100 Index gained 0.7 percent at the close of trading in London, with Anglo American Plc and Glencore Plc up more than 5 percent. The gauge rose after posting on Tuesday its biggest plunge since Feb. 11 as concerns over a potential exit from the European Union escalated amid polls indicating a lead for the “Leave” campaign.
Jimmy Choo Plc jumped 14 percent after saying growth is on track and brand awareness is rising particularly in China. Standard Chartered Plc climbed 2.6 percent after plunging almost 10 percent in four days. Aveva Group Plc sank 12 percent after Schneider Electric SE abandoned a second attempt to buy a majority stake in the software maker.
The broader FTSE All-Share Index and Ireland’s ISEQ Index also rebounded.