UK Stocks Lower, Home Prices Fall
Jul 28, 4:57 PM ET |
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| Financials led the decline in London trading. Royal Bank of Scotland sells its stake in a joint venture to the retailer Tesco. |
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| Stocks in London fell after weak housing market data and lack of interest in financial stocks. Two separate surveys showed a decline in home prices in June and indicated further declines are likely as credit markets remain tight. Financial stocks fell after Australia and New Zealand Banking Group tripled its loan delinquencies rate. Royal Bank of Scotland sold its stake in a joint venture with Tesco to the retailer. |
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