U.K. Stocks Rise as Miners Gain Offsetting Travel Decline
U.K. stocks advanced for a second day as BHP Billiton Ltd. and Antofagasta Plc led commodity stocks higher.
BHP and Antofagasta climbed at least 1.6 percent as mining stocks rebounded from a two-day drop, for the best performance among 19 industry groups in the Stoxx Europe 600 Index. Thomas Cook Group Plc slumped 21 percent after the tour operator said Chief Executive Officer Harriet Green has stepped down. Chief Operating Officer Peter Fankhauser will take over with immediate effect, according to a statement.
The FTSE 100 Index (UKX) added 28.47 points, or 0.4 percent, to 6,759.61 at 8:53 a.m. in London. The benchmark gauge has rallied 9.1 percent since a low on Oct. 16 amid signs central banks around the world are taking additional stimulus measures to support the global economy. The broader FTSE All-Share Index rose 0.3 percent today, while Ireland’s ISEQ Index fell 0.4 percent.
Source: Bloomberg – U.K. Stocks Rise as Miners Gain Offsetting Travel Decline
