Brexit Fears Send U.K. Equities Down by the Most Since Februaryby
Of all FTSE 100 Index companies, only one rose as U.K. shares posted their biggest slump since the Feb. 11 rout.
With polls increasingly pointing to a lead for the “Leave” campaign in the June 23 referendum on European Union membership, the FTSE 100 sank 2 percent at the close of trading in London. That marked a fourth day of declines for the gauge, its longest losing streak since January.
Anglo American Plc and Antofagasta Plc led the declines in the FTSE 100, falling more than 5 percent. Ashtead Group Plc was the only one that rose, climbing 3 percent after the company said it will start a share buyback program.
The broader FTSE All-Share Index and Ireland’s ISEQ Index also fell. The regional Stoxx Europe 600 Index dropped 1.9 percent to its lowest level since February.