The FTSE 100 index UK:UKX -0.07% added 0.3% to 5,880.91.
Bloomberg endorses Obama
New York City Mayor Michael Bloomberg endorsed Barack Obama for president, citing his positions on climate change, abortion and marriage equality as major factors in his decision. Jerry Seib has details on The News Hub. Photo: Getty Images.
Admiral Group UK:ADM -5.17% shares slumped 5.1%, after the car insurer said third-quarter group turnover was down by 2%. See: Admiral Group Q3 revenue off, on track for year
Shares of Tullow Oil UK:TLW +2.56% rose 3.1%, after J.P. Morgan Cazenove lifted the firm to overweight from neutral.
For the broader U.K. market, stocks moved higher as data showed the U.S. economy added 171,000 jobs in October, well above a 120,000 rise expected by economists surveyed by MarketWatch.
The unemployment rate ticked up to 7.9% from 7.8% in September, as was expected.
With the U.S. presidential election around the corner, the numbers mark the last employment report before the vote and could affect the outcome, some market participants say. See: U.S. jobless rate is a presidential concern
Shares of Royal Bank of Scotland Group drop after third-quarter earnings.
Among other notable movers in London, Royal Bank of Scotland Group PLC shares UK:RBS -2.30% RBS -2.91% lost 1.3% after the bank said it swung to a third-quarter loss of 12.5 pence (20 cents) a share from a profit of 11.3 pence in the year-earlier quarter.
The group net interest margin, the difference between what a bank takes in on loans and pays out on deposits, widened to 1.94% from 1.84%.
“We are concerned by the slight increase in non-performing loans and lack of visibility for future profits for the taxpayer. The turnaround story at the moment is not credible and has much work to still undertake,” said Atif Latif, director at Guardian Stockbrokers in a note.
Other banks reversed after the U.S. data, with shares of Barclays PLC UK:BARC +1.02% BCS +0.36% up 2% and shares of HSBC Holdings PLC UK:HSBA -0.77% HBC -1.01% HK:5 +1.76% rising 0.3%.
Oil firms also moved higher, as oil prices trimmed losses. Shares of Royal Dutch Shell PLC UK:RDSB -0.13% RDS.B -0.22% added 0.2%, while those of BG Group PLC UK:BG -1.14% climbed 0.9%.