U.K. Stocks Drop as EasyJet Falls on Earnings While Miners Riseby
British shares slipped from their highest levels since August, dragged down by a slide in EasyJet Plc after saying quarterly revenue dropped.
Shares of the budget airline tumbled 6.3 percent, and peer International Consolidated Airlines Group SA declined 3.7 percent, sending the benchmark FTSE 100 Index down 0.3 percent at 8:22 a.m. in London. Commodity producers, on the other hand, rose for the first time in five days.
The FTSE 250 Index of mid-cap companies declined 0.2 percent. Ireland’s ISEQ Index lost 0.7 percent, while the regional Stoxx Europe 600 Index was little changed.