Glencore, Burberry Drops Send U.K. Stocks Lower on Devalued Yuan

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U.K. stocks fell after China’s devalued its exchange rate to boost growth.

Selling was heaviest among companies that rely on sales to China, the biggest consumer of energy and metals. Glencore Plc, BHP Billiton Plc and Burberry Group Plc led declines on the benchmark FTSE 100 Index. GKN Plc retreated 3.7 percent, mirroring declines in European automakers.

The FTSE 100 Index lost 1.1 percent to 6,664.54 at the close in London.

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