U.K. Stocks Rebound From Three-Day Slide as Banks, Tesco Riseby
British equities rose for the first time in four days, with shares that fell on Thursday regaining ground.
HSBC Holdings Plc and Barclays Plc advanced more than 1.7 percent amid a rally in European and U.S. lenders. BHP Billiton Ltd. climbed 2.1 percent after data showed China’s factory-gate prices rose for the first time since 2012, easing concerns over slower global growth that sent the miners down on Thursday. Tesco Plc added 4.4 percent after resolving a dispute with Unilever, while Man Group Plc surged 14 percent as it reported that quarterly assets grew more than estimated.
The FTSE 100 Index climbed 0.5 percent, following its biggest three-day slide in a month. The move trimmed the gauge’s weekly decline to 0.4 percent, after it slipped from a record reached in intraday trading on Tuesday. The FTSE 250 Index of mid-cap shares and the FTSE Small Cap excluding investment trusts index also advanced on Friday.