UK stocks decline on credit downgrade

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Source: Marketwatch
© Scanpix/AP

UK stocks decreased following the announcement that Standard & Poor's Rating Services may downgrade the ratings in 15 euro-zone countries. The FTSE 100 lost 0.2% in the morning trade. Mining and energy stocks are top-losers, Vendanta Resources PLC declined by 2.3% while Eurasian Natural Resources Corp. PLC tumbled by 1.8%. Energy companies also experienced losses with Essar Energy PLC decreasing by 2.6%.

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Tue, 06 Dec 2011 13:31:50 GMT

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