U.K. Shares Decline as Commodity Producers Fall With Aberdeenby
Britain’s shares inched lower after posting their first two-week decline since February.
Anglo American Plc and Rio Tinto Group led miners down, while Aberdeen Asset Management Plc fell 4.6 percent after it reported outflows continued. HSBC Holdings Plc advanced 1.2 percent after reporting a bigger first-quarter profit than analysts estimated. RSA Insurance Group Plc added 3.5 percent as Barclays Plc raised its rating on the stock to the equivalent of a buy. Peer Admiral Group Plc climbed 2.9 percent.
The FTSE 100 Index slipped 0.3 percent at 8:28 a.m. in London, extending its lowest level since April 11. The gauge, which erased its annual losses last month and is little changed on the year now, is the best performer among major western-European markets.
The broader FTSE All-Share Index was little changed on Tuesday, while Ireland’s ISEQ Index fell 0.7 percent.