LONDON: Britain’s stocks advanced for the first time in three days, with ARM Holdings Plc and Reckitt Benckiser Group Plc among companies rising after financial results.
ARM Holdings Plc jumped 7.4 percent as the chip designer posted quarterly sales that beat analysts’ estimates. Reckitt Benckiser added 2.3 percent after reporting the steepest quarterly revenue increase in more than five years and raising its full-year outlook. Sky Plc climbed 3.9 percent after saying sales increased.
The FTSE 100 Index rose 0.4 percent at 10:38 a.m. in London, erasing a drop of as much as 0.5 percent. The volume of shares changing hands was 22 percent lower than the 30-day average. The broader FTSE All-Share Index climbed 0.3 percent, while Ireland’s ISEQ Index advanced 0.6 percent.
Pearson Plc tumbled 16 percent, heading for its biggest slump ever, after lowering its full-year profit forecast, citing challenging conditions in some of its largest markets and falling college enrollments. Anglo American Plc lost 2.3 percent, while miners pared a decline of as much as 2.2 percent.
