U.K. Stocks Are Little Changed as Energy Shares Drop, Banks GainInyoung Hwang
U.K. stocks were little changed near a record as a drop in energy shares offset a rise in banks.
Royal Dutch Shell Plc and BG Group Plc lost at least 1 percent. Tullow Oil Plc tumbled 7.8 percent after saying the Ivory Coast has asked that explorations be suspended in a disputed area with Ghana. Barclays Plc and Royal Bank of Scotland Group Plc rose more than 2 percent, pacing gains in European lenders.
The FTSE 100 declined less than 0.1 percent to 6,940.64 at the close in London. It earlier rose as much as 0.4 percent to a record. The broader FTSE All-Share Index dropped 0.1 percent, while Ireland’s ISEQ Index fell 0.5 percent.