London stocks rise on strong earning reports

Britain’s benchmark FTSE 100 climbed on Monday, on track for the biggest gains in three weeks, as hopes of a rate pause by the Bank of England in its upcoming policy meeting bolstered investor sentiment, while information and analytics firm Ascential lifted midcap stocks on the sale of its units in a $1.70-billion deal.

The commodity-focused FTSE 100 (.FTSE) was up 0.8% at 9:16 GMT, while the mid-cap FTSE 250 (.FTMC) moved 0.9% higher.

Ascential (ASCL.L) soared 34.2% to the top of FTSE 250 after it announced the sale of its digital commerce and consumer research units for a combined enterprise value of 1.4 billion pounds ($1.70 billion).

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

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