U.K. Stocks Drop as Putin Says Russia Will Help Syria

U.K. stocks dropped as Russia’s President Vladimir Putin said he will provide assistance if the U.S. launches military action against the country.

Tullow Oil Plc (TLW) added 2.6 percent after announcing that it has discovered oil off the coast of Norway. Lancashire Holdings Plc climbed 2.4 percent after shareholders approved its acquisition of Cathedral Capital Ltd.

The FTSE 100 Index (UKX) declined 17.45 points, or 0.3 percent, to 6,514.99 at 2:51 p.m. in London. The gauge has still advanced 1.6 percent so far this week after the European Central Bank said monetary policy will remain accommodative and reports showed manufacturing expanded at a faster pace in Britain and China. The broader FTSE All-Share slipped 0.2 percent today, while Ireland’s ISEQ Index decreased 0.1 percent.

To contact the reporter on this story: Inyoung Hwang in London at ihwang7@bloomberg.net

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

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