U.K. Stocks Decline for a Second Day; G4S Falls

U.K. stocks declined for a second day, after earlier gains.

G4S Plc declined the most in two months after losing a U.K. prison contract. Balfour Beatty Plc sank the most in 14 years as the U.K.’s largest construction company said the outlook for profit margins has faded because of a lack of building work in Britain. BTG Plc jumped 8 percent after the drugmaker reported an increase in first-half earnings and revenue. Burberry Group Plc climbed 1.3 percent.

The FTSE 100 Index fell 17.65 points, or 0.3 percent, to 5,773.98 at 3:51 p.m. in London, after earlier climbing as much as 0.6 percent. The gauge fell 1.6 percent yesterday as the European Commission cut its euro-area growth forecast and concern over an impending U.S. fiscal crisis overshadowed the re-election of President Barack Obama. The FTSE All-Share Index dropped 0.3 percent today, while Ireland’s ISEQ fell 0.9 percent.

To contact the editor responsible for this story: Tom Stoukas at astoukas@bloomberg.net

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.