U.K. Stocks Rise for 8th Day as Small-Cap Shares Extend Recordby
British equities, trading at their highest levels in more than a year, climbed for an eighth day, while a gauge of smaller companies extended a record high.
The FTSE 100 Index added 0.4 percent, posting its longest winning streak since October, with the volume of shares changing hands about 44 percent lower than the 30-day average. The FTSE Small Capitalisation Index gained 0.5 percent, up for a ninth day, while the FTSE 250 Index of mid-cap shares was little changed.
Among companies moving on corporate news, Entertainment One Ltd. rallied 6.8 percent after private-equity firm KKR & Co. emerged as a potential bidder for it, following a rejected offer from broadcaster ITV Plc. Miners rebounded after their biggest drops since July 20.