LONDON: U.K. stocks jumped on Wednesday, with SABMiller PLC and Pearson PLC growing following trading announcements from the brewer and the publisher.
The FTSE 100 UKX, +0.62% rose 0.7% to 6,665.23, moving toward a fifth consecutive advance.
SABMiller SAB, +2.02% tacked on 2.2%, as the brewer said third-quarter revenue increased 4%. The company did note that lager volumes fell 1%, citing unfavorable weather in China as a reason for the decline.
Pearson PLC PSON, +4.53% shares picked up 3%, topping the London benchmark, with the education specialist and publisher saying it expects full-year results to come in line with its previous forecast.
But shares of Sports Direct International PLC SPD, -4.47% fell 4.4% following reports that founder Mike Ashley is selling a 2.7% stake in the retailer, reducing his holding to 55%.
Investors will look for November jobs data from the U.K., as well as minutes from the Bank of England’s meeting earlier this month, set for release at 9:30 a.m. London time, or 4:30 a.m. Eastern Time. The pound GBPUSD, -0.25% was buying $1.5632 ahead of the releases, compared with $1.5146 on Tuesday.
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