U.K. stocks were little changed, after yesterday rallying to a three-month high, as Standard Chartered Plc (STAN) plunged the most in 24 years.
Standard Chartered tumbled 20 percent as a New York regulator warned that it may suspend the bank’s U.S. unit from doing business in the state. BP Plc (BP/) added 2 percent. InterContinental Hotels Group Plc (IHG) jumped 5.4 percent after announcing a special dividend and a share buyback.
The FTSE 100 Index (UKX) lost 12.22 points, or 0.2 percent, to 5,796.55 at 10:28 a.m. in London after yesterday rising to its highest level since May 1. The gauge has still climbed 10 percent from its 2012 low on June 1 as European Central Bank President Mario Draghi pledged to preserve the euro. The broader FTSE All-Share Index also slipped 0.2 percent today, while Ireland’s ISEQ Index retreated 1.1 percent.
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