London stocks rise over 1% on upbeat earnings, BoE decision in focus

Nov 2 - Britain's benchmark FTSE 100 rose on Thursday, buoyed by a slew of upbeat earnings from industry giants such as BT and Sainsbury, while investors braced for Bank of England's monetary policy decision, due later in the day.

Shell gained 2% after it posted in-line quarterly profit and announced a share buyback programme of $3.5 billion over the next three months. Precious metal miners added 1.4%, while industrial metal miners advanced 2.5% as prices of most non-ferrous metals, including copper and gold, gained on the weakness in the U.S. dollar and Treasury yields.

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