U.K. Stocks Rise for 3rd Day as Banks, Commodity Producers GainBy
Gains in lenders and commodity producers pushed U.K. stocks higher, after the FTSE 100 Index’s fifth weekly advance in six.
Barclays Plc rose 3.6 percent after Exane BNP Paribas upgraded the shares to outperform, similar to buy. Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc added more than 2.6 percent. BHP Billiton Ltd. and Antofagasta Plc were up at least 3.3 percent, tracking gains in copper prices.
The FTSE 100 added 0.2 percent at the close, while the FTSE 250 Index of mid-caps climbed 0.5 percent, extending its highest level since December. The gauge of members with more domestic exposure last week erased all of its losses following the U.K.’s vote to leave the European Union, boosted by the Bank of England’s announcement of stimulus measures.