Britain's Stocks Decline for Second Day, Erasing Weekly Advance

U.K. shares slipped the most since April 5, falling further away from their four-month high.

The FTSE 100 Index lost 1.1 percent at the close of trading in London and was the biggest decliner among western-European markets, with 87 of its companies down. The gauge erased its weekly gain, falling 0.5 percent for the period. Rio Tinto Group and Glencore Plc lost more than 2.9 percent, while J Sainsbury Plc advanced 1.3 percent after Deutsche Bank AG recommended buying shares of the grocer.

The broader FTSE All-Share Index and Ireland’s ISEQ Index also fell on Friday.

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