U.K. equities down for a fifth day

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Source: Dukascopy Bank SA
U.K. equities dropped for a fifth consecutive day for a longest streak of losses in 10 months as manufacturing in the Eurozone shrank, indicating that U.K.'s largest trading partner faces difficulties to rebound from economic recession. The FTSE 100 Index retreated 0.6%, or 55.79 points, to 6,392.90 at 16:53 in London. All but two sectors posted losses. Eurasian Natural Resources slumped 5.3% for the biggest drop on Footsie, as the company placed a selloff. ARM Holdings Plc followed with a 2.9% decrease to pace losses in technology sector that plunged the most among all groups in the index. Babcock International Group erased 2.8% to trade at 1,072 pence to drag down consumer services that were 1% lower. Next Plc rose to its highest level in 24 years after reporting higher-than-expected earnings. AstraZeneca Plc shares lifted health care group  by climbing 2.8%, as it aims to cut 2,300 sales and jobs to return profit growth.

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Thu, 21 Mar 2013 19:35:06 GMT

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