LONDON: A jump in Glencore Plc pushed U.K. shares up for a second day, after the FTSE 100 Index ended the month yesterday with its biggest advance since August.
The FTSE 100 added 1.3 percent to 6,138.88 at 9:03 a.m. in London. Tumbling commodity stocks and confusion over the Federal Reserve’s tightening policy helped send the benchmark 7 percent lower in the third quarter, its worst performance in four years. The broader FTSE All-Share Index added 1.4 percent today.
Glencore led gains, adding 6.1 percent, followed by an increase in mining peers Anglo American Plc, BHP Billiton Plc, BP Plc and Rio Tinto Group. Pearson Plc rose 5.9 percent after Citigroup Inc. reinstated the company with a buy rating.
