U.K. Stocks Are Little Changed After Biggest Surge Since 2011

Britain’s shares were little changed, erasing earlier gains as Europe’s shares fell.

BG Group Plc and Royal Dutch Shell Plc climbed more than 1.5 percent. Glencore Plc gained 2.7 percent, with a gauge tracking U.K. miners heading for its biggest two-day gain in two years after reaching its lowest level since 2009 earlier this week. Tesco Plc fell 1.5 percent after a report that Carlyle Group LP dropped a bid for the grocer’s South Korean unit.

The FTSE 100 Index dropped 0.1 percent to 6,187.99 at 9:45 a.m. in London, reversing a gain of as much as 0.5 percent. With a 3.6 percent surge on Thursday, it erased its loss for the week and is now little changed for the period. Data showed U.K. consumer confidence rose in August to match a 15-year high.

Jimmy Choo Plc fell 2.3 percent after saying that it expects the impact of changes in tourism to continue to affect the retail business as in the first half of the year. Debenhams Plc declined 5.6 percent as UBS Group AG recommended selling the stock.

The broader FTSE All-Share Index was little changed, while Ireland’s ISEQ Index fell 0.4 percent.

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