Britain's FTSE advances

LONDON, Jumada II 14, 1437, March 23, 2016, SPA — UK shares advanced on Wednesday as Kingfisher, Europe’s largest home improvement retailer, beat profit expectations and investors dipped back into the travel sector, Reuters reported.

The blue-chip FTSE 100 was up 0.1 percent at 6,200.76 points by 0923 GMT, slightly underperforming the broader European market.

Kingfisher, which trades as B&Q and Screwfix in Britain and Castorama and Brico Depot in France and other markets, gained 3.4 percent on the back of a forecast-beating 0.3 percent rise in annual profit.

Sky Plc also rose 2.7 percent after investment bank Exane BNP Paribas upgraded its rating on the stock to “outperform” from “neutral”.

Investors bought back into travel stocks, which recovered after a sell-off in the previous session following deadly attacks in Brussels.
–SPA
13:19 LOCAL TIME 10:19 GMT