Britain's Stocks Decline With Miners Falling for a Fourth Dayby
U.K. stocks ended little changed, after miners erased a drop and climbed for the first time in four days.
Glencore Plc rose 3.2 percent, reversing a drop of as much as 3.4 percent. A gauge of miners added 0.2 percent at the close of trading in London. The FTSE 100 Index slipped 0.1 percent, after falling as much as 0.5 percent, with the number of shares changing hands 27 percent lower than the 30-day average.
While FTSE 100 has rebounded from a low in August, it’s still 11 percent below the record reached in April. The broader FTSE All-Share Index was also little changed today, while Ireland’s ISEQ Index gained 0.2 percent.
Among other stocks that rose, InterContinental Hotels Group Plc jumped 6.9 percent after the world’s largest provider of hotel accommodation reported an increase in room revenue for the third quarter. Whitbread Plc advanced 3.3 percent as it posted adjusted pretax profit that beat analysts’ projections.