UK stocks : FTSE 100 outperforms European stocks

Nov 13 2012, 05:58 IST
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SummaryBritain's FTSE 100 finished flat but outperformed European stocks on Monday.

Japan to take the sheen off slightly better trade data from China.

Platinum producer Anglo American lost 2 percent, the largest faller in the FTSE 100, after it gave an update on the strikes in South Africa which have blighted production in its Amplats unit. The miner extended the deadline to 30,000 employees to accept their latest offer or face the sack.

Rather than betting on growth in high-beta stocks, stocks that offered high dividends continued to do well.

British American Tobacco rose 0.3 percent, bringing its gains for the month to 4.7 percent.

An attractive dividend also boosted car insurance firm Admiral, which led the index, gaining 3.6 percent, as it continuing a resurgence following a double upgrade by BofA/Merrill Lynch on Friday who cited the firm's dividend yield of over 9 percent.

Volumes were low, at 90 percent of their already weak 90-day daily average, subdued by wary investor sentiment but also Veterans' Day, which closed some U.S. markets and government offices.

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