Pursuits
Most U.K. Stocks Retreat as U.S. New House Sales Miss Estimates
This article is for subscribers only.
Most U.K. stocks declined as a report showed new house sales unexpectedly plunged in the U.S., while Chinese manufacturing contracted for a fourth month.
ARM Holdings Plc fell 2.8 percent after the semiconductor designer reported slower growth in first-quarter revenue from royalties. AB Foods jumped the most in 14 years after saying that its Primark budget fashion chain will enter the U.S. Wolseley Plc advanced 1.7 percent after Credit Suisse Group AG recommended buying shares in the distributor of plumbing and heating products.