By Carla Mozee, MarketWatch
LONDON (MarketWatch) -- Stocks in the U.K. rose Tuesday, with
Ashtead Group PLC and Taylor Wimpey PLC gaining following financial
updates, but Barclays PLC and miner Glencore PLC among
decliners.
The FTSE 100 rose 0.3% to 6,959.57, fluttering in record-high
territory.
Taylor Wimpey gained 1.1% after it posted a 53% climb in
full-year pretax profit. The home builder also said its order book
of 1.66 billion pounds ($2.55 billion) puts the company in a solid
position for 2015.
Ashtead Group PLC shares picked up 1.1% as it forecast full-year
results to come in ahead of earlier expectations
(http://www.marketwatch.com/story/ashtead-full-year-pretax-profit-rises-33-2015-03-03).
The equipment-rental company said third-quarter pretax profit rose
33% to GBP109.9 million.
Also, shares of Tullow Oil climbed 2%, winning back a slice of
its nearly 8% loss on Monday. Its shares are under pressure on
speculation the drop in the oil producer's market capitalization
will result in it exiting the FTSE 100.
But Glencore shares were down 2.9%, at the bottom of the FTSE
100, although the miner swung to a net profit of $2.31 billion for
2014
(http://www.marketwatch.com/story/glencore-returns-to-profit-despite-commodity-slump-2015-03-03).
Barclays shares fell 2.3% as the bank heavyweight said fines and
legal costs pushed it to a net loss of 174 million pounds
(http://www.marketwatch.com/story/barclays-posts-net-loss-on-fines-legal-costs-2015-03-03)
($267.4 million) for the year, as it set aside an extra GBP750
million in provision for an investigation into foreign-exchange
markets.
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