Economics

U.K. Stocks Decline as Minutes Show BOE Split on Rate

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By Inyoung Hwang

August 20, 2014 at 7:42 AM UTC

Updated on

August 20, 2014 at 4:02 PM UTC

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U.K. stocks fell, following the biggest five-day rally since April, as minutes from the latest monetary-policy meeting of the Bank of England showed two of the nine officials argued for an interest-rate increase this month.

Balfour Beatty Plc dropped the most since May 6 after rejecting an increased bid from Carillion Plc. Persimmon Plc and Barratt Developments Plc retreated more than 2 percent after a seven-day rally. Centrica Plc and SSE Plc climbed as utilities rose.