U.K. Stocks Pare Monthly Advance as RBS, IAG Fall After Earnings
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U.K. stocks trimmed their biggest monthly rally since 2013, weighed down by declines amid earnings reports.
British Airways parent IAG SA dropped 2.5 percent after giving an annual earnings forecast that fell short of analysts’ projections. Royal Bank of Scotland Group Plc lost 1 percent after saying profit fell by more than half in the third-quarter, missing analyst estimates. Vectura Group Plc jumped 6.7 percent after getting a milestone payment from Novartis AG.