By Carla Mozee, MarketWatch
LONDON (MarketWatch) -- U.K. stocks fell Monday, pulled lower
alongside other European equity markets, as investors assess the
victory of the leftist Syriza party in Greece's general
election.
The FTSE 100 was down 0.3% to 6,813.67, moving toward its first
loss after seven consecutive sessions of gains. The broader
European equity markets were down 0.4%, and U.S. stock futures
(SPH5) (DJH5) were lower in the wake of Sunday's win by Syriza. The
victory of anti-austerity Syriza, which has pledged to renegotiate
the terms of Greece's bailout, has raised the possibility that
Greece could ultimately default on its debt or even leave the
eurozone.
On the FTSE 100, commodity stocks were among the biggest
decliners. Oil producer Tullow Oil PLC was down 3.8%, and mining
firm Anglo American PLC off 3.1%.
But shares of Shire PLC (SHPGY) rose 2.5% to the top of the
benchmark after the U.S. Food and Drug Administration approved NPS
Pharmaceuticals Inc.'s (NPSP) hypoparathyroidism treatment Natpara.
Shire is in the process of purchasing NPS for $5.2 billion.
Meanwhile, International Consolidated Airlines Group SA rose
0.9% after the parent of British Airways and Iberia submitted a
higher bid of 2.55 euros ($2.86) a share for Aer Lingus Group PLC .
Aer Lingus's board is considering the bid, the Irish airline said
in a statement Monday.
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