April 13 (Bloomberg) -- U.K. energy stocks fell, led by BP Plc and Royal Dutch Shell Plc, after crude oil declined for a second day. Gold prices fell, pulling down mining stocks, because gold is used as a hedge against inflation.

The FTSE 100 Index fell 11.8, or 0.2 percent, to 5989.00 at 1:05 p.m. in London. The measure has fallen 0.6 percent this week.

The FTSE All-Share Index fell 2.85, or 0.1 percent, to 3053.86. Ireland's ISEQ Overall Index added 30.80, or 0.4 percent, to 7851.45.

BP, Europe's largest oil company, fell 0.4 percent to 688.5 pence after the price of crude oil declined for a second day. Crude for May delivery dropped as much as 57 cents, or 0.8 percent, to $68.05 in after-hours electronic trading on the New York Mercantile Exchange as U.S. inventories at an eight-year high eased concern of potential shortages. Royal Dutch Shell, Europe's No. 2, declined 0.6 percent to 1,865 pence.

Gold fell as sliding oil prices eased inflation concerns. Anglo American Plc, the world's second-largest mining company, dropped 1.6 percent to 2,355 pence. BHP Billiton, the world's No. 1, dropped 1.9 percent to 1,112 pence.

Workers at BHP Billiton's Ekati diamond mine in Canada remain on strike in a contract dispute. Ekati is the company's only diamond mine and it produces almost 4 percent of world diamond production by weight.

The following stocks also gained or fell in the U.K. market. Stock symbols are in parentheses.

BAE Systems Plc (BA/ LN) gained 1.75 pence, or 0.4 percent, to 416.25. It had fallen for three days after entering into talks to sell its 20 percent stake in Airbus SAS to European Aeronautic, Defense & Space Co.

Mitchells & Butlers Plc (MAB LN) rose 20.5 pence, or 4.4 percent, to 484. The U.K. pub operator gained after the Financial Times reported real-estate investor Robert Tchenguiz made an offer for the company at 550 pence a share. The company said it hadn't received a written proposal.

Man Group Plc (EMG LN) increased 13 pence, or 0.5 percent to 2,465. The world's largest hedge fund company said it raised more than $2.3 billion for a new fund, more than the $2 billion it expected.

Moss Bros Group Plc (MOSB LN): Britain's third-largest suit seller gained 4.75 pence, or 5.9 percent, to 86. The company plans to almost double the size of its Moss chain. It reported a 17 percent gain in annual profit to 4.2 million pounds.

Newcastle United Plc (NCU LN), the English Premiership soccer club that fired its manager this season because of poor performance, fell 2.5 pence, or 5.3 percent, to 44.5 pence. It reported a six-month loss of 6.33 million pounds, compared with a profit of 7.25 million pounds a year earlier, after playing fewer games at home and spending more money on stars such as Michael Owen.

Partygaming Plc (PRTY LN) gained 3.75 pence, or 2.6 percent, to 148.75. Numis Corp. Plc raised its share price estimate for the world's largest online poker operator to 201 pence from 159 pence for the next 12 months. It said Partygaming's costs were falling, enabling it to boost marketing spending.

Rolls-Royce Plc (RR/ LN) advanced 1.8 percent to 476.25 pence after the company said it will pay 500 million pounds ($876 million) to reduce a pension deficit. The company started talks with representatives of the three U.K. funds to help close a combined 1.29 billion-pound shortfall.

Vodafone Plc (VOD LN) gained 2.25 pence, or 1.8 percent to 126.5. Yesterday shares in the world's largest mobile phone company by market value rose as much as 4 percent on rumors that it would sell its stake in Verizon Wireless, before retreating to gains of just 0.6 percent. Today the Wall Street Journal said Vodafone is considering entering the fixed-line telephone business to protect itself in its European market.

To contact the reporter on this story: Sarah Das in London at Sdas4@bloomberg.net.

Last Updated: April 13, 2006 08:08 EDT