By Sara Sjolin, MarketWatch
LONDON (MarketWatch) -- The U.K.'s benchmark stock index climbed
for a third straight day on Monday, with Aggreko PLC rallying after
a well-received earnings report and drug makers on the rise.
The FTSE 100 index rose 0.1% to 6,725.82, closing at the highest
level since late May.
Among notable movers in the index, Aggreko climbed 6% after the
provider of temporary-power solutions said it expects full-year
pretax profit to be in line with the market's expectations. It also
reported third-quarter revenues and margins slightly ahead of the
same period last year.
Drug makers also helped to lift the index. Shares of
GlaxoSmithKline PLC (GSK) rose 1.3% and AstraZeneca PLC (AZN)
picked up 1.6%.
Shares of Randgold Resources Ltd. gained 4.6% after the gold
miner said it plans to "aggressively" explore opportunities in the
Ivory Coast.
Other mining firms were mostly lower, as metals prices were
mixed. Antofagasta PLC dropped 0.6% and Rio Tinto PLC (RIO) lost
0.9%.
Tullow Oil PLC fell 2.2% after the oil explorer said it has
temporarily suspended all operations at two areas in Kenya due to
labor unrest.
Shares of InterContinental Hotels Group PLC dropped 2.3% after
the hotel operator posted a weaker-than-expected third-quarter
trading update.
Lloyds Banking Group PLC (LYG) gave up 0.9% after Investec
Securities cut the firm to hold from buy ahead of the bank's
third-quarter results on Tuesday.
Some other banks were also on the decline in London, with shares
of Barclays PLC (BCS) down 1.7%.
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