UK stocks decline ahead of G20 results

Source: Dukascopy Bank SA
UK equities are trading lower on Friday as market players are cautious before the outcome of a G20 meeting. Pushing shares lower, UK retail sales unexpectedly declined last month. Retail sales slumped 0.6% in January, compared to a forecast of a 0.5% increase. The FTSE 100 Index slid 0.07% to trade at 6,322.92. Four industries climbed, with technology and telecommunication industries leading gains. Sage Group added 0.69%, while Vodafone Group and BT Group advanced 0.63% and 0.55%. Anglo American also joined the rally after raising its full-year dividend by 15% despite weak results in 2012. Anglo American swung to net loss last year amid drop in commodity prices. The company's shares rose 1.49%. Meanwhile, BG Group inched up 0.35% after announcing changes in management structure. Fabio Barbosa has been appointed as Chairman BG South America and stepped down as CFO and CEO. At the same time, utilities are trading in red territory, with Centrica and National Grid falling 0.41% and 0.95%.
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Fri, 15 Feb 2013 14:40:04 GMT

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