Bloomberg News

U.K. Stocks Climb as Shares of Resolution, Burberry Advance

June 07, 2011

June 7 (Bloomberg) -- U.K. stocks climbed for a third day, led by gains in Resolution Ltd. and Burberry Group Plc.

The FTSE 100 Index climbed 0.3 percent to 5,878.3 at 8:17 a.m. in London, after falling 0.2 percent earlier.

Resolution gained 2.9 percent to 308.6 pence after announcing plans to buy back 250 million pounds ($410 million)worth of shares.

Burberry rallied 2.9 percent to 1,345 pence after La Tribune reported that French luxury-goods company PPR SA is planning a large acquisition in the high-fashion business.

To contact the editor responsible for this story: Sarah Jones at sjones35@bloomberg.net


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