U.K. Stocks Drop for a Fourth Day as Energy Shares, Sky DeclineSofia Horta e Costa
U.K. stocks fell for a fourth day as energy shares and Sky Plc declined.
BG Group Plc lost 2.1 percent. Tullow Oil Plc slipped 7.2 percent as it swung to a loss in 2014 and suspended its dividend. Sky slid 2.2 percent as it agreed to pay the bulk of a record 5.14 billion pounds ($7.8 billion) for the U.K. rights to broadcast live English Premier League soccer. BT Group Plc, which is paying 320 million pounds a season, rose 3.7 percent.
The FTSE 100 Index slipped 10.95 points, or 0.2 percent, to 6,818.17 at the close in London, paring an earlier drop of as much as 0.6 percent. The number of shares changing hands in FTSE 100-listed companies was 13 percent lower than the 30-day average, data compiled by Bloomberg show. The broader FTSE All-Share Index also fell 0.2 percent, while Ireland’s ISEQ Index rallied 0.8 percent.
Lonmin Plc dropped 8.3 percent after Glencore Plc said it will divest its 23.9 stake in the platinum producer. ARM Holdings Plc and Reckitt Benckiser Group Plc rose more than 2.9 percent after posting better-than-forecast financial results.