U.K. stocks break four-day climbing streak

Among FTSE 100 constituents, food retail company Ocado Group PLC OCDO, -4.07% saw the largest drop Wednesday, as shares shed 4.07%

JD Sports Fashion PLC JD, -2.46%, a clothing retail company, and precision products business Halma PLC HLMA, -2.26% rounded out the top five largest decreases as their stocks declined 2.46% and 2.26%, respectively. Shares of building materials/products firm Melrose Industries PLC MRO, +4.57% and residential building construction company Persimmon PLC PSN, +4.01% climbed 4.57% and 4.01%, respectively.

The pound was down 0.05% against dollar GBPUSD, -0.06% at $1.2488 and was up 0.15% against the euro GBPEUR, +0.15% at €1.1632.

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Analysis: Investors call 'peak pessimism' for beaten-up UK stocksLong-term gloom about Britain's economy appears to be lifting and some big investors reckon the end of extreme pessimism is near, with gains ahead for UK-focused businesses and the more international but long-shunned FTSE 100. After years of outflows and big companies such as materials group CRH moving stock listings overseas, the UK's FTSE All Share index is valued at around 2.28 trillion pounds ($2.84 trillion). That's roughly the same as a single U.S. stock, Apple , while British companies are trading at around a record discount to global equities.
Source: Reuters - 🏆 2. / 97 Read more »