Commodity Producers Lead U.K. Stocks Lower After Weekly Declineby
For the first time since February, Britain’s shares fell for a third day.
With drops of more than 4 percent, BHP Billiton Ltd., Anglo American Plc and Rio Tinto Group led the 0.8 percent decline in the benchmark FTSE 100 Index. A gauge of U.K. commodity producers slid the most in more than a month. Royal Dutch Shell Plc and BP Plc fell with oil.
Ashtead Group Plc added 2.7 percent after Bank of America Corp. recommended buying the stock, while Imperial Brands Plc climbed 3.1 percent after a Goldman Sachs Group Inc. upgrade.
U.K. stocks have been among the best performers in European developed markets, with the FTSE 100 erasing annual losses and up 0.3 percent in the period. The broader FTSE All-Share Index also slipped on Monday, while Ireland’s ISEQ Index gained 0.4 percent.