U.K. stocks lower on Monday

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Source: Dukascopy Bank SA
U.K. stocks edged lower prior to the Eurozone's prime ministers' meeting to discuss a bailout for Cyprus. The FTSE 100 tumbled 0.1%, or 3.56 points, to 6,260.36 by 3:52 p.m. in London. Seven out of ten groups inched higher with health care shares rallying the most by 0.6%. Eurasian Natural Resources posted biggest gains in the gauge as it rallied as much as 4.4%, adding to gains in the basic materials group that was 0.04% up. Evraz Plc., a company that mines iron ore and coal, and manufactures steel, followed with a 2.2% increase to also lift basic materials shares. Furthermore, WM Morrison Supermarkets Plc. soared 2.1%, pacing an increase in consumer services sector that climbed 0.2%. Alongside to that, Randgold Resources fell 2.8%, pairing biggest losses among all blue chips, capping further gains in the basic materials group. Burberry Group Plc., a global luxury brand with British heritage, erased 2.1% and halted further improvements in consumer goods sector that was 0.4% higher. Whitbread Plc., a hotel restaurant group, eased 2% to 2,643 pence.
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Mon, 11 Feb 2013 17:45:06 GMT

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