Bloomberg News

U.K. Stocks Erase Gains in Afternoon Trade; ARM, BAE Shares Fall

June 17, 2011

June 17 (Bloomberg) -- U.K. stocks erased gains as shares of ARM Holdings Plc and BAE Systems Plc retreated.

The FTSE 100 Index was little changed at 5,700.41 at 3:28 p.m. in London after climbing as much as 0.6 percent earlier. The gauge has swung between gains more than five times today.

ARM retreated 1.8 percent to 551.5 pence, BAE slid 1.2 percent to 308.8 pence and Kingfisher Plc retreated 1.3 percent to 264.7 pence.

Volatility may be unusually high today as index options expire in throughout Europe.

To contact the editor responsible for this story: Sarah Jones at sjones35@bloomberg.net


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