U.K. stocks climbed for the first time in five days, dragged higher by BP Plc, as investors looked for progress on ending a budget impasse in the U.S. and a measure of China’s services industries rose to a six-month high.
Dan Thomas looks up at the rain clouds hovering above St. Paul’s cathedral in London and then smiles approvingly at the two golf umbrellas he’s just bought for 5 pounds ($8) from a branch of Sports Direct.
Sports Direct International Plc, the U.K.’s largest sports retailer, headed for its highest close since first listing in London in February 2007, amid reports the company will pay employee bonuses linked to profit targets.
Sports Direct International Plc , the U.K.’s biggest sporting-goods retailer, rose in London trading after the company said it expects to meet its full-year profit target even as cold weather hurt rival JJB Sports Plc ’s sales.
Sports Direct International Plc, the U.K.’s biggest sporting goods retailer, said it expects to meet its 2012 target for earnings before interest, tax, depreciation and amortization of 215 million pounds ($347 million).
Sports Direct International Plc, the U.K.’s largest sporting-goods retailer, fell to the lowest in three weeks in London trading after Chairman Mike Ashley sold a stake worth 100 million pounds ($151 million).