Monday, July 23, 2007

U.K. Stocks Increase, Led by Insurers; Barclays Rises on Revised ABN Offer

(Bloomberg) -- U.K. stocks climbed after Resolution
Plc said it's in ``advanced'' merger talks with Friends
Provident Plc and as UBS AG recommended buying shares of
Prudential Plc and Legal & General Group Plc.

Barclays Plc gained after the bank increased its offer for
ABN Amro Holding NV. British Land Co. and Land Securities Group
Plc paced a retreat in property stocks amid speculation U.K.
interest rates may rise to 6 percent next month.


Read more at Bloomberg Stocks News

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