Britain’s Stocks Advance Most Since February as Trading Surgesby
All but three companies in the FTSE 100 Index climbed as a poll showed more voters leaned toward remaining in the European Union.
Financial companies led the advance, with Hargreaves Lansdown Plc, Lloyds Banking Group Plc and Royal Bank of Scotland Group Plc jumping more than 7 percent. The FTSE 100 rose 3 percent at the close of trading in London, with the volume of shares changing hands 33 percent greater than the 30-day average. Randgold Resources Ltd. fell 1.4 percent, dropping for a second day after it reached its highest price since November 2012.
The poll from Survation for the Mail on Sunday newspaper was the first one taken after the death of pro-European Union lawmaker Jo Cox and showed 45 percent of the respondents backed a “Remain,” while 42 percent preferred to leave the EU.
The broader FTSE All-Share Index and Ireland’s ISEQ Index also rallied. The regional Stoxx Europe 600 Index jumped 3.7 percent, the most since August.