Deals
U.K. Stocks Decline; FTSE 100 Erases Advance as Vodafone Sinks
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U.K. stocks fell, ending a five-day rally, as declines in Vodafone Group Plc shares and basic-resources companies overshadowed an improved assessment of the world’s largest economy from the U.S. Federal Reserve.
Vodafone fell 2.4 percent, the most in two months, as Exane BNP Paribas SA downgraded the world’s biggest mobile-phone operator. Rio Tinto Group and BHP Billiton Ltd. retreated with metals prices. The FTSE 100 Index unperformed most western-European markets today as stocks including HSBC Holdings Plc, the largest index member by weighting, traded without the right to the latest dividend.