Bloomberg News

U.K. Stocks Retreat; FTSE 100 Falls 0.5% as Mining Shares Drop

October 17, 2011

Oct. 17 (Bloomberg) -- U.K. stocks retreated, sending the FTSE 100 Index down 0.6 percent to 5,435.11 at 2:54 p.m. in London. The gauge earlier rallied as much as 1.4 percent.

Stocks erased gains after a German government spokesman said that euro-area leaders will not provide a quick ending to the debt crisis at their next meeting.

Antofagasta Plc and Kazakhmys Plc dropped more than 3 percent in London trading.

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


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