London Markets: Surging BP helps propel FTSE 100 toward 4th day of gains

U.K. stocks rose for a fourth straight session on Tuesday, boosted by gains in shares of BP PLC and Just Eat PLC after well-received earnings reports from both companies.

J Sainsbury PLC shares continued to rise after news of the deal to merge with Asda, even as fresh data showed the supermarket chain lost market share over the past three months.

The pound dropped below $1.37 for the first time since mid-January, after disappointing U.K. manufacturing data were seen as making a Bank of England interest rate rise in May more unlikely.

What is the market doing?

The U.K.

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