U.K. stocks little changed on shrinking economy

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Source: Dukascopy Bank SA
U.K. equities stayed flat, retreating from their earlier gains this week, after data on the economy showed that it shrank in the last quarter, indicating a possibility that the company might fall into a triple-dip recession. The FTSE 100 index advanced 0.1% to 6,272.58. Seven out of ten groups in the index advanced with telecommunication shares rallying the most by 0.76%. TUI Travel posted biggest gains in the index, as it advanced 3.8% and supported the consumer services group that edged 0.48% higher. Sage Group added 2.17% to lead gains in the technology shares, while Polymental International Plc. posted third biggest increase in the gauge with a 1.8% rally and capped further losses in basic materials shares that were 1% down. Alongside to that, Kazakhmys declined 3% to pace losses in the basic materials, while Randgold Resources dropped 2.8% also dragging down basic materials. Evraz Plc. Erased 2.4% after Merrill Lynch at Bank of America downgraded its recommendation on the stock.
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