Britain’s Stocks Climb for Third Day as Financial Firms Reboundby
Britain’s shares reversed an earlier drop to close higher for a third day amid polls showing that the European Union membership referendum is too close to call.
The FTSE 100 Index gained 0.4 percent at the close of trading in London, after falling as much as 0.8 percent. The gauge has advanced 4.6 percent in three days, its biggest jump since February. Barclays Plc, Old Mutual Plc and Standard Life Plc all rose more than 2 percent. Whitbread Plc climbed 1.7 percent after reporting that sales at its Costa Coffee shops and Premier Inns budget hotels exceeded analyst estimates.
The broader FTSE All-Share Index also advanced, while Ireland’s ISEQ Index fell 0.2 percent. The regional Stoxx Europe 600 Index gained 0.7 percent.