By Carla Mozee, MarketWatch
LONDON (MarketWatch) -- U.K. stocks on Thursday dropped, moving
alongside a selloff in global markets, with shares of London Stock
Exchange Group PLC pushed to the bottom of the FTSE 100.
The FTSE 100 benchmark fell 0.7% to 6,945.42, heading toward a
third session of losses. Equities in the broader European market
fell as well, following sharp declines overnight on Wall
Street.
Shares of London Stock Exchange Group were shoved 1.8% lower
after the company's biggest shareholder, Borse Dubai, sold its
entire 17.4% stake in the exchange operator.
Only the basic materials and energy sectors were advancing. Oil
stocks were pushed higher as oil prices
(http://www.marketwatch.com/story/oil-prices-surge-as-saudi-strikes-in-yemen-trigger-supply-worries-2015-03-26)(CLK5)
jumped 5% after reports of Saudi Arabian airstrikes in Yemen
spurred concerns of supply disruptions. Oil producer BG Group PLC
gained 2.7%, and BP PLC rose 2.1%.
At 9:30 a.m. in London, investors will receive the U.K.'s
retail-sales report for February. The pound (GBPUSD) was buying
$1.4951.
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