U.K. Stocks Jump Most Since June, Reversing Three-Day DeclineBy
British equities jumped the most since June in a rally that lifted almost all FTSE 100 Index shares after a U.S. jobs report showed the labor market is holding steady.
The benchmark gauge of large U.K. companies climbed 2.2 percent, with 90 of its shares up. That took its weekly advance to 0.8 percent, snapping two weeks of declines. Hikma Pharmaceuticals Plc advanced 5.2 percent, rebounding from its lowest price since April and leading gains among drugmakers. Consumer companies also climbed, with Imperial Brands Plc and Unilever up more 3.8 percent, while energy producers jumped from a one-month low.
Among stocks moving on corporate news, Go-Ahead Group Plc jumped 10 percent after reporting revenue that beat estimates. Segro Plc fell 1.9 percent after the industrial property owner said it will sell new shares. Carnival Plc declined 4.1 percent after Morgan Stanley lowered its rating on the cruise operator to the equivalent of a sell.
The FTSE 250 Index of mid-cap shares added 0.9 percent, while the FTSE Small Capitalisation Index Ex Investment Trusts gained 0.4 percent. The regional Stoxx Europe 600 Index added 2 percent.
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