Stock & Shares

U.K. stocks advance for first time in three days as miners climb


Gains in miners boosted British equities after two days of declines.

Anglo American Plc and Rio Tinto Group advanced more than 2.5 per cent as rising steel output and prices in China lifted commodities. Insurer St. James’s Place Plc climbed 2.9 per cent after posting gains in funds under management.

National Express Group Plc added 3.1 per cent after reporting an increase in profit and saying it will deliver strong growth. Whitbread Plc dropped 2.7 per cent 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 per cent 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 per cent. The regional Stoxx Europe 600 Index advanced 0.4 per cent.


The author Paul