U.K. FTSE 100 Index Drops, Paced by Home Retail; Johnson Matthey Falls

(Bloomberg) -- U.K. stocks declined, led by
retailers after Sports Direct International Plc said it expects
flooding and higher interest rates to hurt earnings this year.
Home Retail Group Plc paced the drop in the FTSE 100 Index.

Johnson Matthey Plc declined after its forecasts fell short
of analysts' estimates and Merrill Lynch & Co. downgraded the
shares. BG Group Plc fell with the price of oil. Friends
Provident Plc paced declines among insurers.


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