U.K. Stocks Deepen 2015 Losses on Final Day Amid Sparse Tradingby
Miners slide, homebuilders rise in worst stock year since 2011
Vodafone up today on report of fresh talks with Liberty
U.K. stocks declined, extending their worst annual drop since 2011, amid thin volumes.
Declines in miners and oil stocks weighed on the FTSE 100 Index this year, dragging it 4.9 percent lower. Anglo American Plc and Glencore Plc tumbled at least 70 percent. British homebuilders were among the best performers, benefiting from an improving U.K. economy. Berkeley Group Holdings Plc and Taylor Wimpey Plc climbed 47 percent or more.
The FTSE 100 lost 0.5 percent at the close in London today, with the volume of shares changing hands about half the 30-day average. Markets are closed tomorrow for the New Year holiday, and reopen on Jan. 4.
A partial recovery in commodity and energy producers in the past two weeks wasn’t been enough to wipe out a monthly loss for the FTSE 100. It’s down 1.8 percent in December.
The broader FTSE All Share-Index slid 0.5 percent today, taking its yearly decline to 2.5 percent, the worst since 2011. Ireland’s ISEQ Index dropped 1 percent, trimming its 2015 gain to 30 percent. That’s the biggest advance in two years.
Among stocks active on corporate news, Vodafone Group Plc added 1.6 percent after a report that it has begun fresh merger talks with Liberty Global Plc.