U.K. Stocks Retreat for 2nd Day as Miners Drag; Burberry Rallies

European Stocks Slide for Third Day

Britain’s shares dropped with global equities, as a slump in mining shares weighed on the FTSE 100 Index.

Anglo American Plc, BHP Billiton Plc and Glencore Plc lost at least 8.5 percent. Worldpay Group Plc dropped after reporting a higher-than-expected net loss. Burberry Group Plc rose 6.6 percent after the Financial Times reported the luxury-goods company sought help in defending itself against a potential takeover bid. Tesco Plc rose 1.8 percent after a Kantar Worldpanel report said U.K. grocery sales rose in the 12 weeks to Feb. 28.

The FTSE 100 fell 0.9 percent to 6,125.44 in London, its second day of losses. The benchmark rebounded 12 percent from its Feb. 11 low through last week’s close amid gains in commodity producers, making it one of the best performers in western Europe this year. The broader FTSE All-Share Index and Ireland’s ISEQ Index also fell today.

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