U.K. Stocks Fall to One-Month Low as Sainsbury, Miners Declineby
Miners and supermarket shares fell, dragging U.K. equities to their biggest three-day decline since February.
BHP Billiton Ltd. and Randgold Resources Ltd. lost more than 5.5 percent. J Sainsbury Plc fell 6.3 percent, sliding with peers Wm Morrison Supermarkets Plc and Tesco Plc even after posting profit that beat estimates, as a report showed the nation’s biggest grocers had a sales drop. London Stock Exchange Group Plc slid 4.2 percent after Intercontinental Exchange Inc. abandoned its potential offer for the bourse. Next Plc climbed 3.5 percent after saying it’s unlikely that sales will deteriorate further.
The FTSE 100 Index dropped 1.2 percent to its lowest level since April 5. The broader FTSE All-Share Index and Ireland’s ISEQ Index also fell on Wednesday.