Britain's Stocks Deepen Selloff as 80% of FTSE 100 Declinesby
U.K. shares fell another day, closing at their lowest level in almost three weeks.
The FTSE 100 Index lost 0.6 percent at the close of trading in London, taking its weekly loss to 2.2 percent, its first decline in three weeks. On Thursday, it tumbled the most since September amid a global stock rout as the additional stimulus measures unveiled by European Central Bank President Mario Draghi fell short of investors’ expectations.
Whitbread Plc, the owner of Premier Inn hotels and Costa Coffee shops, dropped 2.9 percent after Barclays Plc lowered its rating on the shares. Berkeley Group Holdings Plc rallied 7.5 percent to a record after London’s biggest homebuilder boosted its dividend program by 500 million pounds ($755 million).
The broader FTSE All-Share Index and Ireland’s ISEQ Index also declined.