Wednesday, April 18, 2007

U.K. FTSE 100 Index Falls on Rate Outlook; HSBC, Home Retail, RBS Decline

(Bloomberg) -- U.K. stocks declined for a second straight session as economists raised their forecasts for the country's interest rates. HSBC Holdings Plc, Home Retail Group Plc and Kingfisher Plc led the slide.

Royal Bank of Scotland Group Plc fell after the Dutch central bank said a group bid for ABN Amro Holding NV may increase risk. Scottish & Southern Energy Plc slid after Goldman, Sachs & Co. added the power company to its ``conviction sell'' list.


Read more at Bloomberg Stocks News

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