FTSE 100 Posts Worst Week of the Year as Mining Stocks Retreat

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Tumbling shares of miners weighed on U.K. stocks, which erased an earlier gain to retreat in the last few hours of trading.

A surprise drop in a Chinese manufacturing gauge threatened to worsen a commodity rout, hurting shares of Anglo American Plc, BHP Billiton Ltd., Glencore Plc and Antofagasta Plc. Diageo Plc fell 2.5 percent after saying the Securities and Exchange Commission is looking into its distribution practices in the U.S.

The FTSE 100 Index lost 1.1 percent to 6,579.81 at the close in London, making it the worst week for the benchmark since December. The FTSE All-Share Index fell 1 percent, while Ireland’s ISEQ Index fell 0.5 percent.

Vodafone Group Plc added 2.8 percent after reporting service revenue that topped estimates.

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