U.K. Stocks Drop; FTSE 100 Rises for 11th Month, Most on Record
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U.K. stocks declined, even as the FTSE 100 and FTSE All-Share Indexes both posted their longest-ever streaks of monthly gains, as mining companies fell and a report showed U.S. business activity shrank this month.
Commodity producers contributed the most to the FTSE 100’s decline as BHP Billiton Ltd. and Rio Tinto Group, the world’s biggest mining companies, lost more than 1.5 percent. BP Plc, Europe’s second-largest oil company, climbed the most in three months, while Lloyds Banking Group Plc, Britain’s biggest mortgage lender, rose to its highest price in two months.