Bloomberg News

U.K. Stocks Rise to Three-Month High; Barclays, Xstrata Advance

October 28, 2011

Oct. 28 (Bloomberg) -- U.K. stocks climbed, sending the FTSE 100 Index to the highest level in almost three months as banks and mining shares advanced.

The FTSE 100 rose 0.6 percent to 5,745.79 at 9:16 a.m. in London, its highest level since Aug. 1. The gauge has swung between gains and losses at least four times so far today after jumping 2.9 percent yesterday.

Barclays Plc, Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc all advanced at least 1.8 percent in London trading today, while Xstrata Plc led mining shares higher, climbing 2.5 percent. Arm Holdings Plc also advanced, climbing 1.5 percent.

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


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