By Sara Sjolin, MarketWatch
LONDON (MarketWatch) -- U.K. stocks headed higher for a fifth
straight session of gains on Monday, with airline shares flying on
upbeat news from Ryanair.
The FTSE 100 index rose 0.1% to 6,554.46, after closing out last
week with the biggest weekly advance since February.
Shares of easyJet PLC added 2.6% and International Consolidated
Airlines SA (ICAGY) rose 1.5% after peer airliner Ryanair Holdings
PLC lifted its full-year profit guidance and reported a rise in
second-quarter earnings. Ryanair shares rallied 8.4% in Dublin.
Shares of Diageo PLC picked up 0.9% after the alcoholic-drinks
company said it will take full control of tequila brand Don Julio
and sell Irish whiskey brand Bushmills.
On a more downbeat note, shares of Royal Bank of Scotland Group
PLC (RBS) dropped 1.4% after Investec cut the bank to sell from
hold.
Subscribe to WSJ: http://online.wsj.com?mod=djnwires