Airlines, Travel Companies Lead Declines in Britain's Stocksby
U.K. stocks fell for a third day, with travel-related companies tumbling after two explosions ripped through the Brussels airport.
International Consolidated Airlines Group SA, EasyJet Plc and TUI AG lost more than 4 percent, taking the benchmark FTSE 100 Index down 1.2 percent at 8:31 a.m. in London. Travel shares across Europe lost 2.9 percent as a group, heading for their biggest slide in more than a month. Randgold Resources Ltd. climbed as gold increased.
The broader FTSE All-Share Index and Ireland’s ISEQ Index also fell more than 1 percent.
This year, the FTSE 100 has lost 2 percent, posting the best performance among major European markets, as the pound weakened and commodity producers rebounded.