UK stocks advance as Standard Life soars
Thursday, 4 February 2010
AMSTERDAM, Feb 3 (Bloomberg): UK stocks advanced for a fourth day, led by shares of financial and basic resources companies, as a report showed UK consumer confidence rose in January.
Standard Life Plc, Scotland's biggest insurer, surged 3.4 per cent after saying fourth-quarter revenue increased. Anglo American Plc increased 1.5 per cent after UBS AG advised buying the shares. BAE Systems Plc dropped after Lockheed Martin Corp. said it may share in the loss of fees on their jet-fighter program.
The benchmark FTSE 100 increased 17.36, or 0.3 per cent, to 5,300.67 at 9:43 a.m. in London, extending Tuesday's 0.7 per cent gain. The FTSE All-Share Index rose 0.3 per cent and Ireland's ISEQ Index increased 0.6 per cent.
UK consumer confidence rose in January as the economy emerged from its worst recession on record, Nationwide Building Society said. The index of sentiment increased 3 points from the previous month to 73, the customer-owned lender said in an e- mailed statement Wednesday. The result is almost double the level of 39 measured in the same month last year.
Standard Life Plc, Scotland's biggest insurer, surged 3.4 per cent after saying fourth-quarter revenue increased. Anglo American Plc increased 1.5 per cent after UBS AG advised buying the shares. BAE Systems Plc dropped after Lockheed Martin Corp. said it may share in the loss of fees on their jet-fighter program.
The benchmark FTSE 100 increased 17.36, or 0.3 per cent, to 5,300.67 at 9:43 a.m. in London, extending Tuesday's 0.7 per cent gain. The FTSE All-Share Index rose 0.3 per cent and Ireland's ISEQ Index increased 0.6 per cent.
UK consumer confidence rose in January as the economy emerged from its worst recession on record, Nationwide Building Society said. The index of sentiment increased 3 points from the previous month to 73, the customer-owned lender said in an e- mailed statement Wednesday. The result is almost double the level of 39 measured in the same month last year.