Housebuilders Send U.K. Stocks Up for First Time in Three Daysby
British shares snapped a two-day streak of losses, led by gains in homebuilders.
Persimmon Plc rose 3 percent after reporting an increase in pretax profit and saying that customer interest since Brexit has been robust. Barratt Developments Plc and Taylor Wimpey Plc also climbed more than 2.5 percent. Tesco Plc gained 3 percent after Kantar Worldpanel said it had the slowest sales decline rate in six months. Miners rebounded from a two-week low, with BHP Billiton Ltd. up 2.5 percent.
The FTSE 100 Index gained 0.6 percent at 8:54 a.m. in London, with 95 of its companies up. The FTSE 250 Index of mid-cap shares rose 0.5 percent, while the FTSE Small Capitalisation Index Ex Investment Trusts added 0.2 percent, extending a record high. The regional Stoxx Europe 600 Index climbed 0.6 percent.