BlackRock Inc.’s Mark Lyttleton, who was picking winning stocks as an 8-year-old, became a U.K. poster boy for retail clients seeking hedge-fund style investments after posting positive returns in 2008 when markets crashed. Money poured in.
European stocks posted the biggest weekly decline in four months as a proposal to impose a levy on bank deposits in Cyprus sparked concern it would set a precedent for other euro-area economies seeking aid.
Taylor Wimpey Plc, the U.K’s second-largest homebuilder by volume, rose to the highest in five years after saying customer interest was growing and homes reserved for purchase increased in the first quarter.
U.K. stocks climbed, rebounding from an earlier retreat, as a selloff in mining companies was offset by better-than-expected earnings at Citigroup Inc. and takeover activity in the asset management industry.