U.K. FTSE 100 Benchmark Index Declines, Led by HSBC, HBOS; Shell, BP Drop

(Bloomberg) -- U.K. stocks fell for a second day,
led by HSBC Holdings Plc and HBOS Plc on concern losses in
subprime mortgages in the U.S. will erode economic and earnings
growth.

Royal Dutch Shell Plc and BP Plc dropped after Goldman,
Sachs & Co. downgraded the shares and crude oil retreated.


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