By Sara Sjolin, MarketWatch
LONDON (MarketWatch) -- Traders in London reached for the buy
button on Tuesday, sending the benchmark stock index higher for the
first time this week.
The FTSE 100 index added 0.6% to 6,301.02, partly recovering
from a 0.7% loss from Monday. European stocks also rebounded.
GKN PLC added 2% after the engineering group reported a rise in
third-quarter pretax profit.
Oil firms gained, tracking a rise in oil prices. Shares of BP
PLC (BP) rose 1.5% and Royal Dutch Shell PLC (RDSB) picked up
2.3%.
Shire PLC (SHPGY) climbed 2.3% after AbbVie Inc. (ABBV) late
Monday formally dropped its plan to acquire the Irish drug
maker.
On a more downbeat note, shares of Reckitt Benckiser Group PLC
lost 2%, after the consumer-products company cautioned that
full-year sales would come in at the lower end of its previously
forecast range. Read about more big stock moves in Europe here.
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