Britain’s Stocks Rebound With Europe as Lloyds, Barclays Advanceby
U.K. shares climbed the most in almost a month, trimming a third weekly slide in a broad-based rebound, while campaigning over whether the nation should quit the European Union was suspended.
Lloyds Banking Group Plc, Standard Chartered Plc and Barclays Plc advanced more than 4.5 percent, pushing the benchmark FTSE 100 Index up 1.2 percent. With 84 of its members up, the volume of shares changing hands was about 50 percent above the 30-day average. Both the broader FTSE All-Share Index and Ireland’s ISEQ Index also advanced, and the regional Stoxx Europe 600 Index added 1.4 percent.
The FTSE 100 still fell 1.6 percent this week, after reaching its lowest level since February. A Bank of America Merrill Lynch Global Research report showed that U.K. equity funds had their second-biggest withdrawals of the past decade in the week ended June 15 amid concern the nation may leave the EU.
Among stocks falling on Friday, Randgold Resources Ltd. lost 4.6 percent after climbing to its highest price since November 2012.