Miners Drag U.K. Stocks Lower on Last Day of Quarter; TUI Climbsby
Britain’s shares fell, led by slides in commodity producers. While the nation’s benchmark equity index posted a quarterly decline, it was the best performing market among major European peers.
The FTSE 100 Index dropped 0.5 percent at the close of trading in London, with BHP Billiton Ltd. and Anglo American Plc sliding at least 1.4 percent. The gauge lost 1.1 percent this quarter, less than the 7.7 percent slide for the Stoxx Europe 600 Index, as miners were the only industry group in the region that advanced in the period.
TUI AG jumped 5 percent as Europe’s largest tour operator said summer bookings and revenue improved from last year. Carnival Plc rose for a third day to close at its highest price since Jan. 13, after the world’s biggest cruise operator reported earnings that beat analysts’ estimates despite concerns over terrorism and the Zika virus.
The broader FTSE All-Share Index and Ireland’s ISEQ Index fell at least 0.4 percent on Thursday.