U.K. Stocks Fall for Third Day as Mining Shares Reverse Gains

U.K. stocks fell, erasing earlier gains, as Glencore Plc and Antofagasta Plc led a decline in commodity producers.

A gauge of miners fell 0.4 percent, after swinging from gains of 2.4 percent to losses of as much as 2.3 percent, as metal prices fell. Glencore lost 4.4 percent and Antofagasta dropped 2.5 percent. Shares of grocers also declined, with Wm Morrison Supermarkets Plc and J Sainsbury Plc slipping 1.6 percent or more. ARM Holdings Plc rose 1.5 percent, rebounding from a three-day drop before an investor and analyst event tomorrow.

The FTSE 100 Index fell 0.5 percent at the close in London, after falling as much as 0.9 percent and rising 1.2 percent. The benchmark gauge climbed the most since July last week, led by gains through Wednesday as optimism grew that market turmoil in Asia will be contained. Stocks then slid for two days amid concern the Federal Reserve will raise interest rates in a decision this week.

The broader FTSE All-Share Index retreated 0.5 percent today and Ireland’s ISEQ Index dropped 0.2 percent.

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