UK stocks jump for 2nd day at start, FTSE 100 climbs 0.2pc

LONDON: U.K. stocks advanced for a second day, paring a weekly decline, as investors considered the impact of a possible Greek default.

The FTSE 100 Index climbed 0.2 percent to 6,722.53 at 8:36 a.m. in London. The broader FTSE All-Share Index rose 0.3 percent, and Ireland’s ISEQ Index added 0.6 percent.

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Fyffes Plc jumped 9.5 percent as it raised its 2015 earnings targets after securing price increases. Colt Group SA surged 20 percent after Fidelity offered to acquire the U.K. business communications provider in a deal valued at 1.72 billion pounds ($2.7 billion).

BP Plc slipped 0.5 percent after RBC Capital Markets cut the energy company’s rating to sector perform, similar to a hold, from outperform.