Bloomberg News

U.K. Stocks Erase Losses; Man Group Surges as Barclays Retreats

June 22, 2011

June 22 (Bloomberg) -- U.K. stocks erased their losses, after the biggest rally for the benchmark FTSE 100 Index in two months, as Man Group Plc increased.

Man Group surged 5.6 percent, leading shares higher, as analysts recommended the hedge-fund manager. Barclays Plc lost 2 percent as analysts at HSBC Holdings Plc downgraded the bank.

The FTSE 100 advanced 10.12, or 0.2 percent, to 5,785.43 at 2:45 p.m. in London, extending yesterday’s 1.4 percent advance. The FTSE All-Share Index rose 0.1 percent today, while Ireland’s ISEQ Index gained 0.4 percent.

To contact the editor responsible for this story: Will Hadfield at whadfield@bloomberg.net


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