U.K. stocks gain led by miners

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Source: Bloomberg
U.K. shares advanced on Monday trading session after recording a weekly drop last week as mining companies led the rally overshadowing notable drop of British Broadcasting Group Plc. The benchmark stock index FTSE 100 rose as much as 0.5% to 6,845.41 as of 2:44 p.m. London time following last week's 0.1% decrease, while the broader FTSE All-Share gauge jumped 0.5%.

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Mon, 12 May 2014 17:56:02 GMT

Gold falls as Fed may cut its stimulus

Gold futures traded in New York declined on Monday trading session snapping last week's rally amid speculation that the U.S. Federal Reserve may cut its stimulus measures sooner than expected pushing futures lower. Gold futures slipped 1.2% to $1,287.60 an ounce on Friday trimming their this year's gains to 7.1%, while they were last seen at $1,302.10 as of 9:24

Mon, 12 May 2014 17:34:03 GMT

U.K. growth upgraded to 3% in 2014

Economic outlook for the United Kingdom was upgraded by the Confederation of British Industry citing ongoing recovery and as business investments rose, a report released by the confederation showed on Monday. According to the report, the nation's growth forecast was lifted to 3% for 2014, up from initial estimate of 2.6%.

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