U.K. Stocks Decline as Libor Inquiry Widens

U.K. stocks declined, led by bank shares, as investigations into allegations of interest-rate manipulation intensified on both sides of the Atlantic.

The FTSE 100 Index dropped 0.2 percent to 5,652.33 at 9:59 a.m. in London. The FTSE All-Share Index also lost 0.2 percent, while Ireland’s ISEQ Index gained 0.2 percent.

Libor investigations on both sides of the Atlantic intensified as Barclays Plc (BARC) traders could face possible U.S. charges by September and British lawmakers may use hearings this week to expand their inquiry to other banks tied to the global financial scandal.

Barclays retreated 3.3 percent to 156.85 pence.

To contact the reporter on this story: Peter Levring in Copenhagen at plevring1@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.