UK equities advanced after Spanish costs of borrowing declined at debt auction on Tuesday. Meanwhile, traders are cautious ahead of series of meetings aimed at developing measures to ease debt pressure in the Eurozone. The FTSE 100 Index rose by 0.28% to trade at 5,840.55 at GMT 12:00. Seven out of nine industries jumped. On the upside were basic materials, advancing by 1.55%. Miners followed bullish trend after Lonmin's senior executive announced that staff who did not return to work today may still keep the job. Anglo American, BHP Billiton and Rio Tinto soared 2.22%, 1.49% and 1.78, respectively. Financials also advanced, with Barclays, Lloyds Banking Group and Royal Bank of Scotland surging 1.75%, 0.25% and 1.21%, respectively. On the downside were utilities and telecommunications. BT Group and Vodafone sank 0.52% and 0.40% while Centrica and SSE dropped by 0.55% and 0.22%.