Bloomberg News

U.K. Stocks Pare Gains; Benchmark FTSE 100 Little Changed

June 12, 2012

U.K. stocks were little changed as gains in British American Tobacco Plc and Unilever Plc offset concern that the Spanish bank bailout won’t halt the debt crisis.

BAT climbed 1.4 percent, making the biggest contribution to the benchmark FTSE 100 Index’s advance. Unilever rose 1.1 percent as Liberum Capital Ltd. said the company’s food unit will create value for the shares in the next year. Housebuilder Taylor Wimpey Plc fell 1.7 percent.

The FTSE 100 Index added 0.2 percent to 5,442.38 at 1:13 p.m. in London. The gauge has fallen 8.8 percent from this year’s high on March 16. The broader FTSE All-Share Index rose less than 0.1 percent and Ireland’s ISEQ Index dropped 0.5 percent today.

To contact the editor responsible for this story: Tom Stoukas at astoukas@bloomberg.net


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