
U.K. stocks rose, led by BP Plc and Shell Transport & Trading Co. as crude oil increased in Tokyo.
The FTSE 100 Index added 7.8, or 0.2 percent, to 5168.8 at 8:44 a.m. in London. The FTSE All-Share Index climbed 0.1 percent. Both benchmarks headed for a fifth consecutive gain.
BP, Europe's largest oil company, increased 11 pence, or 1.9 percent, to 605. Shell, which owns 40 percent of the Royal Dutch/Shell Group of companies, climbed 8.75 pence, or 1.6 percent, to 561.75 pence, its highest since September 2001.
Crude oil rose as much as 2.8 percent in Tokyo on concern supplies won't meet demand for heating oil, diesel and jet fuel this winter. The New York exchange is closed today for the Independence Day holiday.
The following stocks are making gains or losses. Symbols are in parentheses after the company name.
ITV Plc (ITV LN) jumped 7.25 pence, or 5.8 percent, to 132. Time Warner Inc., the world's largest media company, may make a joint 6.6 billion-pound ($11.7 billion) bid for ITV with partners Goldman Sachs Group Inc. and Apax Partners Worldwide LLP, the Mail on Sunday reported, citing unidentified individuals.
JJB Sports Plc (JJB LN) lost 3.5 pence, or 1.9 percent, to 184. David Whelan, the founder of Britain's largest sporting- goods retailer, will step down as chairman to devote more time to Wigan Athletic, a football club he owns, the Sunday Telegraph reported, citing no one.
Rio Tinto Group (RIO LN) added 4 pence, or 0.2 percent, to 1,728. Shares of the world's second-biggest iron ore exporter rose to a two-week high after the company agreed to buy a 50 percent stake in an Australian project that may boost iron ore output by 20 percent.
Total Systems Plc (TTS LN) slid 1.5 pence, or 2.8 percent, to 53. The supplier of financial-services software to companies such as Axa SA said full-year profit dropped 28 percent to 374,600 pounds as customers cut spending and the company completed existing contracts.
PIN/Bloomberg
News ID 57174
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