U.K. shares tumbled for a second day as China’s decision to devalue its currency spurred concern the global economic recovery is faltering.
Glencore Plc slumped 5.7 percent, leading a gauge tracking U.K. miners near its lowest level since 2009. Unilever declined 4.3 percent after Goldman Sachs Group Inc. recommended selling the stock. Luxury-goods maker Burberry Group Plc fell 3.5 percent. HSBC Holdings Plc and Vodafone Group Plc lost more than 2 percent.
The FTSE 100 Index dropped 1.4 percent to 6,571.19 at the close of trading in London, taking its two-day decline to 2.5 percent. The broader FTSE All-Share Index slid 1.4 percent, and Ireland’s ISEQ Index slipped 2.7 percent.
Balfour Beatty Plc added 3.9 percent after saying its shortfall for the first half of the year is in line with the range indicated in July. Centamin Plc rallied 11 percent after reporting an increase in quarterly profit. Randgold Resources Ltd. gained 5.4 percent as gold increased.