U.K. stocks rise Thursday

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U.K. stocks finished up Thursday, with the FTSE 100 Index growing 1.95% at 7,673.08. Among FTSE 100 constituents, general mining company Anglo American PLC...

Among FTSE 100 constituents, general mining company Anglo American PLC AAL, +7.74% saw the largest increase Thursday, as shares rallied 7.74%.

Glencore PLC GLEN, +4.36%, a general mining company, and gambling industries business Flutter Entertainment PLC FLTR, +4.36% rounded out the top five largest increases as their stocks rallied 4.36% and 4.36%, respectively. Shares of medical equipment/supplies firm Smith & Nephew PLC SN, -0.84% and clothing retail company Next PLC NXT, -0.61% dropped 0.84% and 0.61%, respectively.

The pound was down 0.65% against dollar GBPUSD, -0.59% at $1.2408 and 0.01% against the euro GBPEUR, +0.04% at €1.1641.

 

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Analysis: Investors call 'peak pessimism' for beaten-up UK stocksLong-term gloom about Britain's economy appears to be lifting and some big investors reckon the end of extreme pessimism is near, with gains ahead for UK-focused businesses and the more international but long-shunned FTSE 100. After years of outflows and big companies such as materials group CRH moving stock listings overseas, the UK's FTSE All Share index is valued at around 2.28 trillion pounds ($2.84 trillion). That's roughly the same as a single U.S. stock, Apple , while British companies are trading at around a record discount to global equities.
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