U.K. Stocks Advance for First Time in Three Days as Miners Climbby
Gains in miners boosted British equities after two days of declines.
Anglo American Plc and Rio Tinto Group advanced more than 2.5 percent as rising steel output and prices in China lifted commodities. Insurer St. James’s Place Plc climbed 2.9 percent after posting gains in funds under management. National Express Group Plc added 3.1 percent after reporting an increase in profit and saying it will deliver strong growth. Whitbread Plc dropped 2.7 percent as analysts said its pipeline is slowing, while GKN Plc slid 1.9 after saying it sees lower market growth.
The FTSE 100 Index climbed 0.5 percent at 8:26 a.m. in London, rebounding from a one-week low. The FTSE 250 Index of mid-cap companies was little changed, while the FTSE Small Cap excluding investment trusts index gained 0.3 percent. The regional Stoxx Europe 600 Index advanced 0.4 percent.