NEW YORK: U.K. stocks declined as data showing Chinese industrial profits slid the most in at least four years reignited global growth concerns.
Vodafone Group Plc fell 3.1 percent after the mobile-phone company said it ended talks with Liberty Global Plc about an asset swap. Royal Dutch Shell Plc lost 0.7 percent after saying it will stop exploring offshore Alaska because of high costs and challenging regulations. Commodity producers fell, with Glencore Plc sliding 3.7 percent for a third day of declines. Anglo American Plc retreated 2.2 percent.
The FTSE 100 Index slipped 0.5 percent to 6,077.2 at 8:30 a.m. in London. Shares posted their strongest rebound since Aug. 27 on Friday, wiping out all their losses for the week, amid a rally in global equities, after Federal Reserve Chair Janet Yellen expressed confidence the recent market turmoil won’t derail an economic recovery.
