U.K. Stocks Fall for Third Day as Miners Drop on Goldman Report
This article is for subscribers only.
U.K. stocks declined for a third day on concern the global economy is worsening, with mining stocks falling on investor concerns about Chinese demand.
Antofagasta Plc and Fresnillo Plc led miners lower after Goldman Sachs Group Inc. said it sees a slowdown in demand for industrial metals in China. Smith & Nephew Plc lost 1.7 percent after Societe Generale SA recommended investors sell the stock. Lloyds Banking Group Plc and Royal Bank of Scotland Group Plc gained at least 2 percent.