Economics
U.K. Stocks Decline for Third Day on U.S. Fiscal-Cliff Concerns
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U.K. stocks fell for a third day, extending the FTSE 100 Index’s biggest weekly drop since September, as concern about the impending U.S. fiscal cliff weighed on investor sentiment.
Rentokil Initial Plc declined 1.2 percent after saying “challenging conditions” limited revenue growth in the third quarter. Tullett Prebon Plc sank the most in more than two years after the inter-dealer broker said sales declined amid subdued trading. International Consolidated Airlines Group climbed 1.6 percent after announcing job cuts at its Spanish unit.