Erasing earlier gains, U.K.’s FTSE 100 index ended Monday in negative territory, with GlaxoSmithKline PLC dropping after disappointing test results and the broader market declining in line with other major European indexes.The London benchmark lost 0.3% to close at 6,598.37, extending its quarterly loss to 2.2%, the first drop since the three-month period ending in June last .
More broadly, equities in Europe started to move lower just ahead of the close amid political jitters in France, as Prime Minister Jean-Marc Ayrault resigned after his Socialist Party suffered major losses in local elections over the weekend.The Bank of England said the number of loan approvals for house purchases was a weaker-than-expected 70,309 in February, compared with an average of 69,563 over the previous six months.
More broadly, equities in Europe started to move lower just ahead of the close amid political jitters in France, as Prime Minister Jean-Marc Ayrault resigned after his Socialist Party suffered major losses in local elections over the weekend.The Bank of England said the number of loan approvals for house purchases was a weaker-than-expected 70,309 in February, compared with an average of 69,563 over the previous six months.