U.K. Stocks Decline as U.S. Republicans Scrap Tax Vote
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U.K. stocks slid after Republican leaders in the U.S. canceled a vote on raising taxes for the highest earners, fueling concern that party members will prevent politicians from agreeing on a compromise budget.
Eurasian Natural Resources Corp. fell 1.4 percent as Goldman Sachs Group Inc. downgraded the shares, while Evraz Plc, the Russian steelmaker, slipped 3.5 percent. United Utilities Group Plc, the U.K.’s largest publicly traded water company, gained 1.2 percent.