U.K. Shares Fall for Second Day, Ending November Little ChangedBy
U.K. stocks fell for a second day, with BHP Billiton Ltd. extending its lowest price since 2008.
The miner lost 1.3 percent as Brazil is seeking as much as 20 billion reais ($5.2 billion) compensation for a dam collapse at an iron-ore venture co-owned with Vale SA. Aberdeen Asset Management Plc dropped 4.6 percent after the money manager reported quarterly outflows. Glencore Plc rallied 5.3 percent amid gains in Europe’s commodity producers, while InterContinental Hotels Group Plc rose 2.7 percent on bid speculation.
The FTSE 100 Index dropped 0.3 percent at the close of trading in London, paring a loss of as much as 0.7 percent amid volume about 10 percent higher than the 30-day average. It’s slipped less than 0.1 percent this month. The broader FTSE All-Share Index was little changed on Monday, while Ireland’s ISEQ Index increased 0.6 percent.
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