By Sara Sjolin, MarketWatch
LONDON (MarketWatch) ? Most U.K. stocks traded in positive territory on Tuesday, with resource firms leading the index higher and Weir Group PLC jumping after affirming full year guidance.
The FTSE 100 index /quotes/zigman/3173262 UK:UKX +0.75% ?added 0.4% to 5,513.56, possible extending gains into a third straight day. The index closed at its highest level since May 11 on Monday after pro-bailout party New Democracy won parliamentary elections in Greece.
Obama optimistic on Greek results
At the G-20 Summit in Mexico, President Barack Obama said Greece's elections results bode well for the global markets. Sudeep Reddy reports on the News Hub. Photo: AFP/GettyImages.
Engineering solutions business Weir Group /quotes/zigman/130249 UK:WEIR +4.87% ?jumped 4.2% after it said it sees revenue opportunities of up to 3 billions pounds ($4.7 billion) over the next 10 to 15 years. Weir sees ?3B minerals-unit revenue opportunities
Miner Evraz PLC /quotes/zigman/7218774 UK:EVR +2.15% ?also rose on guidance news, up 2.3%, after saying it targets a $5 billion earning before interest, tax, depreciation and amortization in 2016. Evraz targets $5 billion Ebitda In 2016
Other miners were higher, as metals prices were mixed. Antofagasta PLC /quotes/zigman/139152 UK:ANTO +3.63% ?took on 2.3%, Rio Tinto PLC /quotes/zigman/155899 UK:RIO +2.28% ?added 1.7% and Vedanta Resources PLC /quotes/zigman/336962 UK:VED +2.39% ?rose 1.7%.
Oil firms further supported the U.K. index. BP PLC /quotes/zigman/210014 UK:BP +0.81% ? /quotes/zigman/247026/quotes/nls/bp BP -1.72% ?inched 1.1% higher, BG Group PLC /quotes/zigman/249967 UK:BG +1.91% ?gained 1.7% and Royal Dutch Shell PLC /quotes/zigman/359915 UK:RDSA +0.92% ? /quotes/zigman/359955 UK:RDSB +0.89% ? /quotes/zigman/379078/quotes/nls/rds.a RDS.A -0.47% ? /quotes/zigman/379012/quotes/nls/rds.b RDS.B -0.45% ?was up 0.6%.
Whitbread PLC /quotes/zigman/445964 UK:WTB +8.27% ?shares moved jumped 7%. The UK hotel and restaurant company and operator of coffee bars reported that first-quarter same-store sales rose 4.5% while total sales rose 14%.
For the second quarter, Chief Executive Andy Harrison said in a statement, the company faces tougher comparative figures from a strong year- earlier period and ?the uncertain impact of the summer?s major sporting events.?
Outside the main index, Shares of Home Retail Group PLC /quotes/zigman/427633 UK:HOME +18.56% jumped 16.4% in early trading. The UK general-merchandise retailer affirmed its outlook for full year profit. First quarter same-store sales were off 0.2% at Argos, while they were off 8.3% at Homebase, hurt by bad weather.
/quotes/zigman/3173262
UK : FTSE Indices
Volume: 0.00
June 19, 2012 10:04a
/quotes/zigman/130249 UK : U.K.: London
Volume: 732,826
June 19, 2012 10:04a
Rev. per Employee?196,418
/quotes/zigman/7218774 UK : U.K.: London
Volume: 259,301
June 19, 2012 10:04a
Rev. per Employee?91,343
/quotes/zigman/139152 UK : U.K.: London
Volume: 330,221
June 19, 2012 10:04a
Market Cap?10.59 billion
Rev. per Employee?764,775
/quotes/zigman/155899 UK : U.K.: London
Volume: 1.04M
June 19, 2012 10:04a
Market Cap?41.41 billion
Rev. per Employee?534,026
/quotes/zigman/336962 UK : U.K.: London
Volume: 176,632
June 19, 2012 10:04a
Rev. per Employee?281,656
/quotes/zigman/210014 UK : U.K.: London
Volume: 3.71M
June 19, 2012 10:04a
Market Cap?80.56 billion
/quotes/zigman/247026/quotes/nls/bp US : U.S.: NYSE
Volume: 4.55M
June 18, 2012 4:00p
Market Cap$126.02 billion
/quotes/zigman/249967 UK : U.K.: London
Volume: 1.33M
June 19, 2012 10:04a
Market Cap?42.12 billion
/quotes/zigman/359915 UK : U.K.: London
Volume: 434,565
June 19, 2012 10:04a
Market Cap?136.00 billion
/quotes/zigman/359955 UK : U.K.: London
Volume: 555,354
June 19, 2012 10:04a
Market Cap?136.00 billion
/quotes/zigman/379078/quotes/nls/rds.a US : U.S.: NYSE
Volume: 2.59M
June 18, 2012 4:06p
Market Cap$212.74 billion
/quotes/zigman/379012/quotes/nls/rds.b US : U.S.: NYSE
Volume: 834,645
June 18, 2012 4:07p
Market Cap$212.74 billion
/quotes/zigman/445964 UK : U.K.: London
2,002.00 p
+153.00 +8.27%
Volume: 615,825
June 19, 2012 10:04a
Rev. per Employee?58,326
/quotes/zigman/427633 UK : U.K.: London
Volume: 5.40M
June 19, 2012 10:04a
Market Cap?568.19 million
Rev. per Employee?111,092
Sara Sjolin is a MarketWatch reporter, based in London.
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