U.K. Stocks Drop Most in Seven Months on Fed Minutes
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U.K. stocks declined the most in almost seven months, as commodity shares fell amid concern the U.S. Federal Reserve will scale back its bond-buying program.
BHP Billiton Ltd. and Rio Tinto Group, the world’s largest mining companies, fell at least 3.5 percent. HSBC Holdings Plc, Europe’s biggest lender, led banking shares lower. BAE Systems Plc advanced the most in five months after saying it plans to buy back shares.