Bloomberg News

U.K. Stocks Are Little Changed; GlaxoSmithKline Gains

March 09, 2012

U.K. stocks were little changed, paring earlier losses, as Greece persuaded most bondholders to accept a debt exchange and as investors awaited reports on Britain’s economy.

The benchmark FTSE 100 Index gained less than 0.1 percent to 5,861.42 at 8:31 a.m. in London. GlaxoSmithKline Plc (GSK) and Tesco Plc (TSCO) led advancing shares, while SABMiller Plc (SAB), BP Plc (BP/) and Xstrata Plc (XTA) were among declining shares.

To contact the reporter on this story: Srinivasan Sivabalan in London at

To contact the editor responsible for this story: Andrew Rummer at

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