U.K. stocks gain on Japanese monetary stimulus

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Source: Dukascopy Bank SA
U.K. shares were little changed, sending the FTSE 100 index for its weekly advance, after Japan's government called for more monetary stimulus. The FTSE 100 index gained 0.1%, or 8.34 points, to 6,109.85. All but two sectors in the benchmark index inched higher. International Consolidated Airlines rallied the most in the gauge by 4.9% after UBS AG upgraded its recommendation on British Airways, the parent company. Furthermore, Aviva Plc gained 3.23% after its stock rating was upgraded from neutral to buy, while Aberdeen Asset Management gained 2.7%. Among worst performers were BHP Billiton, as the worlds largest mining company dropped 2.9% to 2,070 pence, the biggest decline in 3 months. Tullow Oil led capped further increase in the oil and gas sector that advanced 0.4% by slipping 2.9% to 1,666 pence, as U.K. explorer said it would write-off $299 million from explorations that failed in Guyana, Suriname and Ghana.


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Fri, 11 Jan 2013 17:23:03 GMT

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