Britain’s shares following global stocks lower to resume this week’s slump, with financial firms and mining stocks leading declines.
Prudential Plc, Aberdeen Asset Management Plc, Barclays Plc and Standard Chartered Plc dropped at least 5 percent amid mounting fears over the stability of the European banking system. BHP Billiton Plc and Glencore Plc lost 3 percent or more.
Randgold Resources Ltd. and Fresnillo Plc jumped more than 5 percent, tracking a rally in gold prices.
The FTSE 100 Index lost 2.4 percent to close at 5,536.97 in London, its lowest level in almost four years. All but five stocks on the benchmark fell, while a gauge of volatility jumped to its highest level since 2011. Trading volume on the FTSE 100 Index was 31 percent higher than the 30-day average.
BP Plc and Sage Group Plc are trading ex-dividend today, trimming 5.24 points off the value of the FTSE 100.
The FTSE 100 has lost 11 percent this year, less than the regional Stoxx Europe 600 Index, as miners rallied for three weeks. The broader FTSE All-Share Index also slumped today, falling 2.3 percent, while Ireland’s ISEQ Index retreated 2.6 percent.