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UK stocks rise for first time in 14 days

London - A rebound in pharmaceutical companies lifted British equities for the first time this week.

Hikma Pharmaceuticals advanced 2.8%, the most in the FTSE 100 Index, from its lowest price since April.

Mediclinic International climbed 1.5%, up from a two-month low. Those helped push the equity gauge up 0.4% at 9:25 a.m. in London, after falling 1.4% in the past few days - the most in almost two months.

The measure is heading for a third weekly decline, the longest streak since June, amid a strengthening of the pound.

Among stocks moving on corporate news, Go-Ahead Group jumped 9.1% after reporting revenue that beat estimates.

Segro fell 2.2% after the industrial property owner said it will sell new shares.

Carnival declined 3.4% after Morgan Stanley lowered its rating on the cruise operator to the equivalent of a sell.

House builders dropped, with Berkeley Group Holdings Plc and Taylor Wimpey Plc down more than 1.7%.  

The FTSE 250 Index of mid-cap shares fell 0.2% on Friday, while the FTSE Small Capitalisation Index Ex Investment Trusts was little changed.

The regional Stoxx Europe 600 Index added 0.2%.

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