U.K. Stocks Drop From Two-Month High After Miners, WPP DeclineBy
Aberdeen Asset Management rises on report it's seeking a buyer
WPP drops as quarterly sales growth disappoints some analysts
U.K. stocks fell, after a weekly advance, dragged lower by commodity producers.
Anglo American Plc and Glencore Plc slid at least 2.7 percent, as a gauge of mining stocks resumed declines after an earlier gain. WPP Plc lost 2.2 percent after the world’s largest advertising agency posted a 3.3 percent increase in quarterly comparable sales growth, missing some analysts’ estimates. Aberdeen Asset Management rose 2.9 percent after a report that it has made informal approaches to potential buyers.
The FTSE 100 Index lost 0.4 percent at the close in London, after briefly erasing an intraday decline. The benchmark measure climbed 1 percent last week to its highest level since August after stimulus measures from China and hints of additional easing by the European Central Bank buoyed equities.
The broader FTSE All-Share Index also declined 0.4 percent today, while Ireland’s ISEQ Index slid 0.7 percent.
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