U.K. equities as BOE refrains adding further stimulus

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Source: Dukascopy Bank SA
U.K. stocks dropped halting their three-day gains this week after the European Central Bank decided to leave its benchmark unchanged pairing with BOJ's decision to not add further monetary stimulus for the nation's economic recovery. The FTSE 100 index slid 0.3%, or 18.67 points, to 6,276.67. However, the index has still gained 6.4% this year. Seven out of ten groups in the equity gauge declined. Burberry Group Plc. paired the biggest drop in five months after the company replaced its CFO, while Royal Bank of Scotland led losses in financial shares, as it tumbled nearly 3%. Furthermore, Tullow Oil erased as much as 2.8% adding to the decline in oil and gas group that was 1.2% lower. Among best performers was Compass Group Plc. that rose 2.3% to 783 pence after the company reported revenue that topped analysts' estimates. Vodafone Group shares rallied 1.2% to pace gains in the telecommunications group. Meanwhile, AMEC Plc. rose 1% to halt further losses in the oil and gas group that slumped the most among all companies listed on FTSE 100.
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