U.K. Stocks Slip From Record to Snap 4 Weeks of FTSE 100 GainsInyoung Hwang
U.K. stocks fell from a record, with the FTSE 100 Index heading for a weekly drop for the first time since January.
Commodity producers slipped, with Anglo American Plc, Rio Tinto Plc and Randgold Resources Ltd. falling more than 2 percent each. AstraZeneca Plc retreated 1.6 percent after saying 2015 revenue will decline. Weir Group Plc rallied 4.3 percent amid press speculation that the Scottish oil and gas engineer will be acquired.
The FTSE 100 fell 0.7 percent to 6,911.8 at the close in London. The benchmark gauge fell 0.5 percent this week even after extending a record yesterday. The broader FTSE All-Share Index fell 0.2 percent while Ireland’s ISEQ Index added 0.1 percent.
U.S. payrolls rose by a higher-than-expected 295,000 in February, fueling speculation the Federal Reserve is moving closer to raising interest rates.