U.K. stocks advanced, with the benchmark FTSE 100 Index posting its biggest monthly gain since October 2011, as companies from Diageo Plc to Centrica Plc reported profit that exceeded analysts’ estimates.
BAE Systems Plc, Europe’s largest defense company, said production of Typhoon combat jets may extend past this decade as it works to secure a follow-up order in Saudi Arabia and for 60 jets from the United Arab Emirates.
The U.K. government will require electricity suppliers to buy power from independent renewable generators, an effort to help them compete in an electricity market dominated by SSE Plc, Centrica Plc and EON SE.
Qatar’s acquisition of a 25 percent stake in Greece’s Heron II power plant “kicks off” a drive by the world’s biggest exporter of liquefied natural gas to invest in electric power abroad, the country’s energy minister said.
The U.K.’s shale gas, an untapped resource that has polarized politicians and environmentalists, will help refiners and chemical makers be competitive by cutting costs and curbing imports from rivals, Ineos Group AG said.