U.K. Stocks Snap 3-Day Gains as Miners Reverse Rise, Sky Slidesby
U.K. stocks fell for the first time in four days, with the FTSE 100 Index dropping from its highest level in four months, as Sky Plc and miners declined.
Sky lost 4.2 percent as the broadcaster reported rising customer attrition rates across Europe after curtailing discounts in the U.K. and Ireland, and losing viewers in Italy after failing to secure rights to Champions League soccer matches. Commodity producers reversed earlier gains, with Anglo American Plc and Antofagasta Plc down 2.8 percent or more.
The FTSE 100 slid 0.5 percent at the close in London. The benchmark has rallied 15 percent since its February low amid gains in commodity and oil producers, and is up 2.2 percent for the year. The broader FTSE All-Share Index and Ireland’s ISEQ Index also declined today.