Britain's Stocks Benchmark Close to Recouping Its Late-January Losses
- U.K. benchmark back within touching distance of January peak
- Gauge has a higher make-up of cheaper, so-called value shares
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The FTSE 100 Index is close to recouping all its late-January losses as a large exposure to so-called value stocks as well as oil companies and banks lifts the U.K. benchmark.
The gauge rose as much as 0.9% to 7,605 points on Wednesday, leaving it a whisker away from the intraday peak reached Jan. 20 before concern around central bank policy tightening and geopolitical risk from Russia-Ukraine tensions roiled markets.