British Stocks Are Little Changed After Slump as HSBC ReboundsBy
U.K. shares were little changed as investors assessed the recent selloff.
The FTSE 100 Index gained 0.1 percent at 9:24 a.m. in London, following its biggest plunge since June on Monday, sparked by a selloff in banks. While most companies in the index fell on Tuesday, HSBC Holdings Plc rose 1.4 percent for its first advance in four days. Wolseley Plc dropped 3.6 percent after saying demand across its markets remains mixed even though it posted an increase in revenue.
The FTSE 250 Index of mid-cap companies lost 0.7 percent, while the FTSE Small Cap excluding investment trusts index slipped 0.2 percent. The regional Stoxx Europe 600 Index added 0.1 percent.