By Sara Sjolin, MarketWatch
LONDON (MarketWatch) -- The U.K.'s FTSE 100 index inched lower
on Monday, extending losses into a fifth straight week.
The benchmark index dropped 0.3% to 6,293.22, after closing
lower for a fourth straight week on Friday amid a wider rout in
European markets. European stocks were also on the decline on
Monday.
"Where markets go now is anyone's call, but it does seem as if
the underlying volatility that had been elusive for some months is
now back with us," said Tony Cross, market analyst at Trustnet
Direct, in a note.
Among major movers in London, shares of Petrofac Ltd. lost 2.6%.
The oil-field-services provider leapt 7.3% on Friday saying it is
on track to meet its full-year profit expectations.
Shares of Shire PLC fell 0.9% after the drug maker said its
chief financial officer James Bowling is stepping down to join
Severn Trent PLC .
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