U.K. Stocks Slip From Record High as Weir Sinks Most Since 2009Inyoung Hwang
U.K. stocks fell from yesterday’s record, led by declines in GKN Plc and Weir Group Plc.
Weir Group tumbled 8.9 percent, the biggest drop in almost six years, after saying it sees lower sales and operating margins this year. GKN lost 2.1 percent after forecasting lower sales at its Land Systems unit. Whitbread Plc advanced 2.7 percent after forecasting full-year earnings near the top of a previous range. St. James’s Place Plc jumped 4.3 percent after boosting its full-year dividend by 50 percent.
The FTSE 100 Index slipped 0.2 percent to 6,935.38 at the close in London, after reaching an all-time high of 6,949.63 yesterday. The broader FTSE All-Share Index retreated 0.2 percent, while Ireland’s ISEQ Index was little changed.