U.K. Stocks Are Little Changed After FTSE 100's Weekly Declineby
U.K. stocks were little changed, after the FTSE 100 Index capped its worst weekly decline in more than a month.
Anglo American Plc and Rio Tinto Group led advances in miners. Admiral Group Plc fell 1.4 percent after Credit Suisse Group AG downgraded the motor insurer to underperform, similar to sell, citing stretched valuations after the stock jumped 20 percent in the first quarter.
The FTSE 100 added less than 0.1 percent at 8:43 a.m. in London. It slid 1.3 percent last week, the most since February. The benchmark rebounded as much as 12 percent since a Feb. 11 low amid a rally in commodity and energy producers, trimming its quarterly decline to 1.1 percent.
The broader FTSE All-Share Index was also little changed today, while Ireland’s ISEQ Index added 0.5 percent.