London Markets: FTSE 100 rises after May loses Brexit appeal; BT plunges

U.K. stocks were higher Tuesday after the country’s Supreme Court ruled the U.K. government must consult parliament before triggering the Brexit process.

But BT Group PLC shares plunged after the telecommunications company issued a profit warning stemming from an accounting scandal in Italy.

The FTSE 100 UKX, +0.21% was up 0.2% at 7,167.97, led by mining, oil and gas, health care and financial stocks. The index on Monday dropped 0.7% as the pound strengthened against a weakening U.S. dollar.

Court decision: The U.K.’s Supreme Court in an 8-3 decision upheld a High Court ruling in early November, which said Britain’s parliament should be consulted before the government invokes Article 50, the beginning of the process for Britain to exit the European Union.

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