British Stocks Halt Three-Day Decline as Commodity Shares Riseby
A rebound in miners amid stabilizing commodity prices helped U.K. equities snap a three-day decline.
BHP Billiton Ltd., Glencore Plc and Anglo American Plc advanced more than 2 percent, leading the FTSE 100 Index 0.3 percent higher at 9:08 a.m. in London. The FTSE 250 Index of mid-cap shares and the FTSE Small Capitalisation Index Ex Investment Trusts were little changed.
After the biggest three-day slump since the aftermath of the secession vote, the market is showing some signs of stabilizing. A gauge of U.K. stock volatility slipped from a two-month high.
Among stocks declining, Burberry Group Plc fell 2.6 percent after peer Hermes International SCA abandoned its mid-term annual sales growth target. Homebuilders Barratt Developments Plc and Taylor Wimpey Plc slipped after a report that sellers of luxury houses in London are dropping their asking prices. EasyJet Plc and IAG SA declined with a rebound in oil.