U.K. stocks edge higher as eurozone's finance ministers meet

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Source: Dukascopy Bank SA
U.K. equities rose extending their gains for a third day as investors wait for the outcome of today's meeting of eurozone finance ministers and U.S. budget-ceiling agreement is awaited to be achieved in the nearest time. The FTSE 100 climbed 0.3%, or 20.84 points, to 6,175.25. All but two groups in the index advanced in the index. Admiral Group shares rallied 5.2%, the most in three months, as Goldman Sachs Group upgraded the company's stock rating to buy. Aviva Plc., the insurance provider, posted second biggest gain with a 2.7% surge to boost the financial shares that were 0.23% up. Furthermore, Weir Group Plc edged higher supporting the industrial stocks that were 0.12% up. Among worst blue chips was Meggitt Plc. that tumbled 2.8%, capping further gains in the industrials group. Furthermore, Pearson Plc. Paired second biggest losses after the Financial Times owner decreased the company's profit projection to 84 pence from the estimated 84.9 pence for 2012 and company's forecast of difficult market conditions in the year 2013. Kingfisher slid 1.5% to trigger a 0.2% decline in consumer services.
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Mon, 21 Jan 2013 16:38:04 GMT

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