UK stocks move higher on mixed data

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Source: Dukascopy Bank SA
UK stocks are trading in green territory on Thursday after the UK Gfk consumer confidence unexpectedly remained unchanged in February, while experts had predicted a decline. However, weaker-than-expected data from the national housing market capped gains. The UK's Nationwide house price index remained unchanged, defying forecasts of a 0.2% increase. The FTSE 100 Index jumped 0.78% and is trading at 6,436.93. All industries included in the index climbed. The top-performers were utilities and financials, soaring 1.40% and 1.12%. National Grid and Centrica surged 2.33% and 1.44%, while Barclays and HSBC Holdings jumped 1.77% and 1.26%. National Grid, the forth largest gainer, advanced after the utility firm introduced a new divided policy that aims to raise the ordinary share dividend at least in line with inflation in the retail sector. Meanwhile, InterContinental Hotels Group added 3.48%, the second biggest increase in the stock index, on news that the firm agreed to sell its leasehold stake in InterContinental London Park Lane to Constellation Hotel.
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Thu, 28 Mar 2013 13:02:08 GMT

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