Tuesday, May 1, 2007

U.K. FTSE 100 Index Falls, Led by Hanson, Punch Taverns; BHP Retreats

(Bloomberg) -- U.K. stocks slid, led by Hanson Plc, the world's largest supplier of crushed rock used in construction. Merrill Lynch & Co. said it expects the company will be hurt by the slowing U.S. housing market.

Punch Taverns Plc, a pub landlord whose shares have surged 49 percent in the past year, dropped even after the company reported higher earnings. BHP Billiton Ltd. led mining companies lower as copper prices declined.


Read more at Bloomberg Stocks News

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