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U.K. stocks rose on Friday as miners rebounded amid easing concerns over Chinese property market. <\/p>\n
China Evergrande Group reportedly supplied funds to pay interest on a U.S. dollar bond, helping ease contagion fears.<\/p>\n
The benchmark FTSE 100 rose 28 points, or 0.4 percent, to 7,219 after closing half a percent lower on Thursday. <\/p>\n
Antofagasta rallied 3.2 percent and Rio Tinto advanced 1.4 percent after China’s Evergrande made a surprise interest payment.<\/p>\n
Grocer J Sainsbury edged down slightly after saying it ended talks over the sale of its banking unit. <\/p>\n
London Stock Exchange tumbled 3.4 percent after a warning that “supply chain pressures may impact the timing of some technology<\/span> spend this year.”<\/p>\n Intercontinental Hotels lost 2.7 percent. The hotel chain said its revenue per available room was 21 percent below 2019 levels in the third quarter. <\/p>\n JD Sports Fashion gained 2.4 percent after it acquired 80 percent of Greece-based Cosmos Sport S.A.<\/p>\n In economic releases, U.K. retail sales volume including auto fuel decreased 0.2 percent month-on-month in September, after easing by revised 0.6 percent in August, the Office for National Statistics said. Sales were forecast to grow 0.5 percent.<\/p>\n On a yearly basis, retail sales volume declined 1.3 percent, bigger than August’s 0.2 percent fall and the economists’ forecast of -0.4 percent.<\/p>\n Separately, survey results from market research group GfK showed that U.K. consumer confidence weakened for the third straight month in October. <\/p>\n The corresponding index fell to -17 from -13 in September. The expected reading was -16.<\/p>\n The seasonally adjusted IHS Markit\/CIPS U.K. manufacturing PMI unexpectedly improved to 57.7 in October versus 55.8 expected while the services PMI came in at 58.0 versus 54.5 expected. <\/p>\n<\/p>\n<\/div>\n