U.K. Stocks Are Little Changed as FTSE 100 Halts Five-Week Rallyby
U.K. stocks were little changed, with the FTSE 100 Index snapping its longest weekly winning streak since 2014, as investors weighed earnings reports.
Barclays Plc climbed 5.5 percent after its fixed-income trading revenue outperformed European rivals. Reckitt Benckiser Group Plc fell 1.6 percent after its quarterly sales missed estimates as the company was hurt by fallout from deaths and injuries linked to toxic humidifier sanitizers it once sold in South Korea. Pearson Plc slid 9.1 percent after the education-service provider said it anticipates trading conditions to remain challenging in major markets this year.
The FTSE 100 Index added less than 0.1 percent at the close. It’s down less than 0.1 percent for the week. Before that, rising commodities and a weaker pound following the U.K.’s vote to leave the European Union helped push the benchmark higher for for five consecutive weeks.
The FTSE 250 Index of mid-sized firms added 0.2 percent today, after erasing its post-Brexit drop intraday earlier in the week. Ireland’s ISEQ Index gained.