U.K. stocks decline on rising concerns about debt crisis

Source: Dukascopy Bank SA
U.K. equities stayed little changed, halting earlier gains on speculation the political instability in Italy and Spain might cause the euro area's sovereign –debt crisis. The FTSE index slid 0.1%, or 4.06 points, to 6,279.18 by 4:24 p.m. in London after earlier rising 0.6%. Four out of ten groups in the benchmark index declined with technology shares tumbling the most by 0.84%. Among best performers was Hargreaves Lansdown Plc that jumped 10% to 8.09 pounds to cap further losses in financial group, while Eurasian Natural Resources Corporation climbed 8.9% to its highest price in four months on iron ore and ferrochrome output that topped forecasts. Furthermore, the luxury goods maker Burberry Group Plc. added 2.7% and contributed to an increase in consumer services that were 0.35% up. Alongside to that, Aviva Plc., an international insurance company, paired biggest losses in the index as it tumbled 1.9% and added to losses in financial shares that eased 0.25%. Unilever followed with a 1.2% decline and dragged down consumer goods group that erased 0.3%, while Rexam slid 1.2%, capping gains in industrials.
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Wed, 06 Feb 2013 16:55:04 GMT

German stocks decline on political conflict with France

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