European Stocks Decline Amid Iraq Violence as U.K. Builders Fall
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European stocks fell as escalating violence in Iraq threatened oil supplies, and U.K. property companies declined.
Barratt Developments Plc and British Land Co. slid more than 4 percent as Chancellor of the Exchequer George Osborne pledged to increase the Bank of England’s power to restrict borrowing. Total SA rose as a gauge of oil-related stocks posted the best performance on the Stoxx Europe 600 Index. Geberit AG gained 1.7 percent after Goldman Sachs Group Inc. raised its rating on the maker of toilets and bathroom piping.