U.K. Stocks Retreat, Led by DSG, Kingfisher; BHP Declines
This article is for subscribers only.
U.K. stocks fell for a third day, led by retailers after DSG International Plc cut its earnings forecast for a second time this year and Kingfisher Plc said it expects sales in Britain will be ``difficult.''
BHP Billiton Ltd. led a retreat by mining companies after saying it wasn't aware of a proposal by Chinese authorities to acquire a substantial stake, and Vedanta Resources Plc reported a decline in fourth-quarter output. Alliance & Leicester Plc paced financial shares lower as the Bank of England said credit conditions were tightening.