Rodney
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U.K. Stocks Advance - 2008/10/01 20:11
Good Day, Traders! After the blackest Monday And Tuesday of the latest times, we saw a small recovery in World Stock Exchanges, including LSE.
U.K. stocks advanced for a second day, led by mining companies after Xstrata Plc scrapped its hostile takeover for Lonmin Plc and Australian regulators approved BHP Billiton Ltd.'s bid for Rio Tinto Group.
The benchmark FTSE 100 index climbed 69.70, or 1.4 percent, to 4,972.15 at 1:12 p.m. in London. The FTSE All-Share Index added 1.4 percent. Ireland's ISEQ Index advanced 3.9 percent.
The FTSE 100 dropped 13 percent last month as bank bailouts worldwide accelerated and as the proposed bailout plan to rescue U.S. financials stalled in congress.
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