Stocks Higher in London as Europe Gains

FTSE Indexes were higher Tuesday after stocks in Europe gained broadly. The FTSE 100 was higher at 6,219.26 for a gain of 82.83 points or 1.35 percent. The FTSE 250 was higher at 17,135.67 for a gain of 103.93 points or 0.61 percent.

may 24

Source: FTSE 100 and FTSE 250. Google Finance.

Stocks leading gains for the day included repair and insurance company, Homeserve with a positive earnings report. Biking company, Halfords was also higher for the day after reporting an acquisition that should help improve shareholder value and revenue.

German-based company Bayer was also in the news Tuesday, after its acquisition bid was rejected by Monsanto. Bayer and Monsanto both gained for the day. Bayer was higher by 4.31 percent and Monsanto gained 3.09 percent.

The European Central Bank released its biannual Financial Stability Review Report on Tuesday which showed increased risk from political pressures. The U.K.’s exit vote in June and bailout terms for Greece also continue to be leading factors for market valuations this week.

Data from IFA magazine reported the following stocks leading gains and losses in the U.K. on Tuesday.


Homeserve (HSV) 6.72 percent
Brown (N.) Group (BWNG) 4.68 percent
Auto Trader Group (AUTO) 4.46 percent
Aberdeen Asset Management (ADN) 3.86 percent
Pendragon (PDG) 3.66 percent
Mitchells & Butlers (MAB) 2.99 percent
Halfords Group (HFD) 2.57 percent
Ibstock (IBST) 2.50 percent
Crest Nicholson Holdings (CRST) 2.47 percent
Grafton Group Units (GFTU) 2.34 percent


Paragon Group Of Companies (PAG) -5.56 percent
Aveva Group (AVV) -5.06 percent
Card Factory (CARD) -5.04 percent
Keller Group (KLR) -4.07 percent
Dairy Crest Group (DCG) -3.98 percent
Centamin (DI) (CEY) -2.86 percent
Intermediate Capital Group (ICP) -2.61 percent
Cairn Energy (CNE) -2.11 percent
Allied Minds (ALM) -2.09 percent
Redefine International (RDI) -2.06 percent

In other European markets on Tuesday, Germany’s DAX was higher at 10057.31 for a gain of 215.02 points or 2.18 percent. France’s CAC 40 closed at 4431.52 for a gain of 106.42 points or 2.46 percent. The Stoxx Europe 600 was higher at 344.12 for a gain of 7.43 points or 2.21 percent. The Europe Dow was higher at a 1544.65 for a gain of 26.81 points or 1.77 percent.

In Asia, stock trading was mixed. Japan’s Nikkei was down at 16498.76 for a loss of -155.84 or -0.94 percent. Hong Kong’s Hang Seng Index was higher at 19830.43 for a gain of 21.40 points or 0.11 percent.  The Shanghai Composite in China was lower at 2821.67 for a loss of -21.98 points or -0.77 percent. The S&P BSE Sensex was higher at 25305.47 for a gain of 75.11 points or 0.30 percent. The Asia Dow was lower at 2561.20 for a loss of -20.78 or -0.80 percent.

For the day, the Dow Jones Industrial Average closed at 17,706.05 for a gain of 213.12 points or 1.22 percent. The S&P 500 was also higher, closing at 2,076.06 for a gain of 28.02 points or 1.37 percent. The Nasdaq Composite closed higher at 4,861.06 for a gain of 95.27 points or 2.00 percent.

Other notable index closes in the U.S. included the small-cap Russell 2000 closing higher at 1,135.31 for a gain of 23.94 points or 2.15 percent; the S&P 600 closing at 694.02 for a gain of 14.53 points or 2.14 percent; the S&P 400 Mid-Cap Index closing at 1,471.49 for a gain of 25.05 points or 1.73 percent; the Russell 3000 closing at 1,222.90 for a gain of 17.23 points or 1.43 percent; and the Dow Jones U.S. Select Dividend Index which closed at 584.85 for a gain of 6.81 points or 1.18 percent.

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