British FTSE 100 index declined on Monday as dropping commodity prices negatively affected the value of resource shares. Financials also provided substantial downward contribution. National Grid fell 1.9% after Bank of America Merrill Lynch downgraded the stock from buy to neutral citing valuation grounds. On the upside Vodafone Group advanced 0.8% after Sunday Times reported the firm may save GBP 1 billion in taxes if it manages to acquire Cable & Wireless Worldwide. At the moment of writing FTSE 100 is 0.31% or 19.55 points down at 5,947.09.