The FTSE 100 Index slipped after Chinese inflation data indicated more weakness in the world’s second-biggest economy.
Burberry Plc retreated 1.5 percent, while Vodafone Group Plc lost 1.7 percent. Hargreaves Lansdown Plc rallied, posting the biggest gain in the FTSE 100 Index, after reporting record net new business and new active client numbers for the first quarter.
Miners gained, reversing an earlier decline, sending Fresnillo Plc and Randgold Resources Ltd. higher.
The FTSE 100 lost 0.5 percent to 6,307.99 at 9:15 a.m. in London. The benchmark’s declines on Monday and Tuesday snapped an eight-day rally that had been fueled by gains in commodity producers and optimism that the Federal Reserve won’t rush to raise rates. The broader FTSE All-Share Index dropped 0.5 percent today, while Ireland’s ISEQ Index fell 0.4 percent.