U.K. Stocks Decline Second Day, With BT, Vodafone Leading Losses
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U.K. stocks fell for a second day, paring a weekly gain, as telecommunications companies retreated.
BT Group Plc and Vodafone Plc contributed the most to losses on the FTSE 100 Index, sliding at least 1.4 percent, as their European peers retreated after Telenor ASA and TeliaSonera AB scrapped merger plans. Glencore Plc rose 0.7 percent, extending its biggest weekly gain since February 2012 after Monday’s announcement of a debt-reduction plan.