U.K. Stocks Drop as Fed’s Bullard Says October Taper Is Possible
This article is for subscribers only.
U.K. stocks fell, trimming the FTSE 100 Index’s third week of gains, after Federal Reserve Bank of St. Louis President James Bullard said a “small taper” in U.S. stimulus is possible next month.
Randgold Resources Ltd., Fresnillo Plc and Polymetal International Plc lost at least 3 percent as gold fell. Tate & Lyle Plc retreated 2.2 percent after Credit Suisse Group AG downgraded the stock. Direct Line Insurance Group Plc sank 3.7 percent after Royal Bank of Scotland Group Plc sold a stake. Foxtons Group Plc jumped 16 percent on its first day of trading.