By Carla Mozee, MarketWatch
LONDON (MarketWatch) -- U.K. stocks fell Monday, with utility
shares among those weighing on the benchmark FTSE 100.
The FTSE 100 fell 0.2% to 6,862.06, with shares of Intertek
Group PLC sitting at the bottom of the index. The stock lost 3.4%
after Jefferies cut its rating on the product-testing and
certification company to hold from buy.
At the same time, the utilities group moved down by more than
1%. British Gas parent Centrica PLC fell 2.7% ahead of the
company's financial report, set for release on Thursday.
United Utilities Group PLC shares were off 1.4%, SSE PLC lost
1.3%, National Grid PLC fell 1% and Severn Trent PLC pulled back
0.6%.
But gainers included Tesco PLC (TSCDY), with shares up 0.4%
following a report in The Telegraph over the weekend that the
supermarket chain is poised to cut up to 10,000 jobs, including up
to 6,000 at the company's head offices.
SABMiller PLC (SBMRY) topped the FTSE 100 as the brewer's shares
rose 2.4%.
On the FTSE 250 , shares of 888 Holdings PLC slid 16% after the
online betting company said it terminated discussions about a
possible merger with William Hill PLC . "Due to a significant
difference of opinion on value with a key stakeholder, it has not
been possible to reach agreement on the terms of a possible offer,"
said 888 Holdings in a statement. William Hill shares were up
0.8%.
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